Image

According to a new paper by Dartmouth’s David Blanchflower and Adam Posen, of the Peterson Institute for International Economics, the best way to gauge economic recovery is to focus on wage growth, reports The New York Times.

“Hourly wages were up two pennies last month, and this month they’re flat, and that tells you there’s too much slack in the labor market,” Blanchflower, the Bruce V. Rauner Professor of Economics, tells the Times. “And all the other stuff is just noise.”

Read the full story, published 5/5/14 by The New York Times.