There is some good news for the economy. Even though the unemployment numbers have not shown a positive trend for a long time now, the wages are steadily rising, getting more money into the hands of consumers.

According to the recently released government’s monthly job report, the average hourly wages have risen by 1.9% over the past one year. In another analysis done by TrimTabs Investment Research, it was found that the wages and salaries have grown by 0.7% in February compared to the same period last year. [Read more…]