Arlington, Va. (Nov. 19, 2013) — U.S. workers in the private
sector likely will experience only incremental changes, if any, in the pace of
annual wage gains in the coming months, according to the preliminary
fourth-quarter Wage Trend Indicator™ released today by Bloomberg BNA, a leading
publisher of specialized news and information.
The index held steady at 98.70 (second quarter 1976 = 100),
matching the third-quarter reading of 98.70. For the past two and a half years,
the WTI has fluctuated within a narrow range from 98.47 to 98.75, showing no
clear upward or downward trend.
“The labor market is still showing positive momentum, but
we're not drawing down our pool of unemployed workers very quickly,” economist
Kathryn Kobe, a consultant who maintains and helped develop Bloomberg BNA’s WTI
database, said. Private sector wage growth in the coming months is expected to
remain close to the second-quarter rate of 1.9 percent year-over-year, as
reported by the Department of Labor.
Reflecting mixed economic conditions, two of the WTI's seven
components made positive contributions to the preliminary fourth-quarter
reading, while three factors were negative and two had a neutral impact.
Source: BNA.com
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