COSTELLO: A bit of news to share with you on the economy. In the long, slow recovery from the great recession, a new report out shows that young workers are actually seeing low and medium-wages growing faster than their older counterparts and the little tiny bit extra in their paychecks could add up to a healthy boost to the U.S. economy. CNN chief business correspondent Christine Romans is here to tell us more.</s>CHRISTINE ROMANS, CNN CHIEF BUSINESS CORRESPONDENT: I like what I see in these numbers -- Carol. These are from ADP -- that's the private payroll processing service. They see all of these numbers, they see how much money people make and what they found was these younger workers seeing annual pay raise of 6 percent. They tend to work in lower-wage jobs but they're seeing raise this year of 6 percent. Look at older workers -- 3.5 percent to 4.5 percent. So what's going on here -- those younger workers tend to work in retail, in hospitality, restaurants, hotels, huge demand for those jobs and the wages are going up. Why? Economists aren't sure exactly, but they think it might be because of states raising in the minimum wages, people are getting paid a little bit more for those. Also huge demand, huge growth for those jobs so simple economics would hold if you need to keep good workers you have to pay them more and they're trying to keep these young, in some cases college educated, workers on board so they have to pay them a little bit more. We don't know exactly reason for sure, probably a combination of all of these things but really interesting that you're seeing pay raises on the younger workers on the lower end of the spectrum because wages have been stagnant for almost everybody and that's been a real problem in this recovery. I like to see it loosening up at least somewhere.</s>COSTELLO: I'm sure everybody would.</s>ROMANS: Right.</s>COSTELLO: Christine Romans, thanks so much. I'll be right back.
Pay Rises for Young Low-Wage Workers