U.S. Gained 200,000 Jobs in January as Wages Picked Up

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A tightening labor market delivered the biggest annual increase in wages since the end of the recession, a new signal that American workers are beginning to enjoy the pay raises long missing in a steady but tepid expansion.

The Labor Department reported Friday that average hourly earnings for private-sector workers rose 2.9% in January from a year earlier, their largest year-over-year increase since June 2009, when the last recession ended.

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