Bernard Anderson, a nationally-recognized economist and professor emeritus at the Wharton business school at the University of Pennsylvania in Philadelphia, agreed.
"Despite the fact that Black people have a higher rate of unemployment and lower income, they remain far more committed to the labor market than White workers on average," said Anderson
said that employment is growing more rapidly now than at any time since the recovery began in 2009.
Gross domestic product (GDP) grew 5 percent in the third quarter of 2014, yet wages have not increased significantly.
"We have an anomalous situation in the labor market where employment is beginning to rise, but earnings are still relatively flat," explained Anderson
In fact, average hourly earnings for all employees shed a nickel in December.
observed that wages increased more rapidly during previous recoveries as the unemployment rate fell.
said that when the labor market tightens the unemployment rate comes down, and employers are forced to compete with each other for available labor.