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Wisconsin seeing record high employment, wage growth. Let’s break down what that means.

In February, March, and May of this year, Wisconsin led the nation in “inflation adjusted hourly earnings growth,” the release said, citing data from the U.S Bureau of Labor Statistics.

That means “wages are going up faster than prices” — a very good thing, said Ross Milton, an assistant professor of public affairs at the University of Wisconsin-Madison who specializes in state and local finance.