Mischer News

Money Magazine's Senior Writer Chris Isidore covered a surprising feature this week; wages are actually rising in the job market. While America has had eyes glued to the unemployment rate and lack of jobs on the market, paychecks have been getting bigger, which means personal income is rising.

This increase in consumer pockets, however slight it may be, can help boost consumer spending and create a demand that would trigger a resumed hiring status quo.

The U.S. government's monthly job report for February found the average hourly earning rose by 1.9 percent over the past 12 months.

Sung Won Sohn, economics professor at Cal State University Channel Islands said strong gains in productivity are also allowing employers to pay their skilled workers more. According to the U.S. government, productivity rose at nearly a 7% rate in the fourth quarter.

With a combined push to put 8 million citizens back to work, America's spending power could indeed restore.

Read the full story. Good job news: Wages are rising. Really.