Superb income growth in 2015 nearly single-handedly restored incomes lost in the Great Recession | Economic Policy Institute

Superb income growth in 2015 nearly single-handedly restored incomes lost in the Great Recession

Today’s report from the Census Bureau shows impressive (and long-awaited) across-the-board improvements to household incomes over 2014-2015, as inflation-adjusted wages improved and unemployment fell (from 6.2 to 5.3 percent) while inflation was absent. Inflation-adjusted wages for women finally exceeded their pre-recession levels in 2015, rising 2.7 percent, while the 1.5 percent increase in men’s earnings …