US wages and benefits jump as economy reopens

  • A hiring sign shows in Wheeling, Ill., Sunday, March 21, 2021. The number of Americans applying for unemployment aid fell last week to 547,000, a new low since the pandemic struck and a further encouraging sign that layoffs are slowing on the strength of an improving job market. The Labor Department said Thursday, April 22, that applications declined 39,000 from a revised 586,000 a week earlier. (AP Photo/Nam Y. Huh)

WASHINGTON — Wages and benefits grew quickly for U.S. workers in the first three months of the year, a sign that businesses are starting to offer higher pay to fill newly-opened jobs.