Arlington, Va. (Dec. 17, 2013) — The pace of private-sector
wage growth likely will pick up in the latter half of next year, according to
the revised fourth-quarter Wage Trend Indicator™ released today by Bloomberg
BNA, a leading publisher of specialized news and information.
The index rose to 98.78 (second quarter 1976 = 100) from
98.70 in the third quarter, marking its first increase since the first quarter
of 2013 after two quarters of essentially no change.
“We are beginning to see some improvements in the labor
market, with the unemployment rate falling to 7 percent in November,” 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
exceed the 1.8 percent year-over-year gain in the third quarter, as reported by
the Department of Labor.
Reflecting recent economic conditions, three of the WTI's
seven components made positive contributions to the revised fourth-quarter
reading, while three factors were negative and one had a neutral impact.
Next WTI Report
The next report of the Wage Trend Indicator™ will be
released on Thursday, Jan. 16, 2014 (final fourth quarter).
For more information on the Wage Trend Indicator, call
Bloomberg BNA at 800-372-1033.
Source: BNA
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