Business Checks

NEW YORK (CNNMoney.com) — The end of more than two years of job losses can’t come soon enough for most Americans.

But with all the attention given to the number of jobs on U.S. payrolls and the unemployment rate, it’s easy to miss one important sign of improvement in the job market: paychecks have started to get bigger.

Despite the millions of people who have lost jobs during the past year, there are signs that personal income is increasing. Even a small gain in income is significant. If consumers have more money in their pocket, that can help to boost consumer spending and create the demand that will prompt a resumption of hiring.

“At the end of the day, we need income so people can spend money,” said Sung Won Sohn, economics professor at Cal State University Channel Islands. “It is a sign that things are beginning to improve.” (Business checks used for payroll is even showing this)