Not Just the U.S., but the Whole World Needs a Pay Raise

European stock markets pared back some of their losses after the U.S. nonfarm payrolls report for June handily beat expectations, coming in at 222,000 versus the consensus estimate of 179,000. But one detail in that data is still disappointing. Wage increases were just 2.5% year on year in June, and if we look at the monthly figure, that's up just 0.1%.

Wages are watched keenly because a strong pickup in people's income would mean more buying power, which in turn would push consumer prices up -- something the Federal Reserve would like to see right now to justify its interest rate rises....641 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.