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Capitol Report: Why workers aren’t getting bigger paychecks despite sizzling jobs market

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The unemployment rate is at a 16-year low, but workers aren’t seeing big increases in their paychecks.

The U.S. has created more than 16 million new jobs since 2010 to push the unemployment rate down to a 16-year low, but the strongest labor market in years still hasn’t translated into much bigger paychecks for Americans workers.

The government on Friday said hourly pay rose at a 2.5% pace in the 12-month period ending in May, unchanged from the prior month and down from a postrecession peak of 2.9% at the end of 2016.

Read:U.S. unemployment rate falls to 16-year low of 4.3%

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