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And but it’s clear that the new year dawned on what has been an exceptionally good economy for many staff. Wages have been rising sooner than their historical charges, and a robust enhance in productiveness during the last three quarters has helped maintain those fatter paychecks from fueling higher costs. The variety of open jobs nonetheless exceeds the stock of people in search of positions, even as new immigrants and women have joined or rejoined the work drive in surprising numbers.

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Some economists think that the comparatively quick pace of …