US businesses raise pay at fastest pace in 11 years

U.S. private-sector workers received the biggest pay raise in 11 years in the first three months of the year, a sign that the tight job market is slowly lifting wages. The Labor Department said Friday that its employment-cost index shows wages and salaries in the private sector rose 1 percent between January and March compared with ...

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US businesses raise pay at fastest pace in 11 years

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