The job market is recovering, or at least the unemployment numbers are down. The number of people with jobs is returning to normal, but at wages that were normal 7 years ago. Wages are flat. Expenses are rising. The majority of the increase in income comes from increased hours, not increased rates. So, yes, things are improving, but only relative to where they recently were. The situation is years away from getting back to good.
“Job Market Racks Up Faster Gains In Long, Slow Recovery” – Brookings
Pretending Not To Panic 