US wages fail to rise despite 'widespread' labor scarcity: Fed

Wages for American workers remain stubbornly low despite "widespread" labor shortages, according to a US Federal Reserve survey published Wednesday.

Growth in the world's largest economy also continued between September and early October at a pace "split between modest and moderate" while temporary disruptions from Hurricanes Harvey and Irma persisted, according to the periodic Fed survey known as the Beige Book.

Source: AFP