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Wage Surge Sends Hopeful Sign to Fed

Some U.S. metro areasincluding Portland, Seattle, Nashville, and Minneapolis-St. Paulare seeing large wage increases due to tight labor market.

By Steve Matthews, Bloomberg | Updated on April 01, 2016

With Minneapolis-St. Paul’s healthcare industry booming, scientist Erin Nelson fielded more than 20 unsolicited calls in the past year asking her to consider switching jobs. She took one in September at a 40 percent raise.

“Pay is becoming much more competitive,” said Nelson, 35, who designs research projects for medical-device companies. “It is a nice feeling to have job security, that there are jobs out there.”

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