The average worker earns 45 cents more per hour than she did a year ago, and six cents more in June than she did the month prior. Hours are on the uptick, too: The average work week for private sector employees grew by 0.1 hours between May and June.
That’s a relatively new trend: As Suzy noted awhile back, wages grew by 2.8 percent in the last quarter of 2011, the fastest they had gone up since the end of 2008.
Working a few more hours at a slightly higher wage, means workers see a growing paycheck. They might have more bargaining power to demand a higher salary, too. Their higher spending power could provide a bit of stimulus to a struggling economy.