Economics
Wage Surge in Hot U.S. Labor Markets Sending Hopeful Sign to Fed
- Minneapolis-St. Paul salaries jump 4.9% amid labor shortage
- Goldman finds wage-inflation evidence looking at hot cities
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With Minneapolis-St. Paul’s health-care industry booming, scientist Erin Nelson fielded more than 20 unsolicited calls in the past year asking her to consider switching jobs. She took one in September at a 40 percent raise.
“Pay is becoming much more competitive,” said Nelson, 35, who designs research projects for medical-device companies. “It is a nice feeling to have job security, that there are jobs out there.”