Summary List Placement

Various economic indicators are surpassing their pre-pandemic highs as stimulus and reopening drive the country toward a full recovery.

US wages are the latest to rebound.

Salaries and hourly wages finally leaped above their February 2020 peak in March 2021, according to the Bureau of Economic Analysis. Employee payment across the country rose to a seasonally adjusted annual rate of $9.78 trillion from $9.67 trillion, marking a new record high and an eleventh consecutive climb.

By comparison, it took more than twice as long for wages to fully rebound from their decline during the Great Recession.