Wages, Not Great, But Fed Must Watch

        9:15 EDT - While 1.9% wage growth is nothing to celebrate, it does contain interest rate risks. The direction for wages is, for the first time in a long, long time, pointed higher. It could mean there isn't as much slack in the labor market as the conventional wisdom holds. We can't count all those long-term unemployed, as Princeton's Alan Blinder tells us. And the shorter-term unemployed are becoming much fewer. That's now, marginally, boosting their bargaining power. Hardly a victory for workers, but directionally something for the Fed to worry about. (michael.casey@wsj.com)
        (END) Dow Jones Newswires

        May 02, 2014 09:15 ET (13:15 GMT)