Wednesday, July 16, 2014

WTI Predicts Better Wage Growth for Most U.S. Workers



Arlington, Va. (July 15, 2014) ­- Stronger wage gains are on the horizon for most U.S. workers, according to the final second-quarter Wage Trend Indicator™ (WTI) released today by Bloomberg BNA, a leading publisher of specialized news and information.

The index rose to 99.12 (second quarter 1976 = 100) from 98.92 in the first quarter, marking the third straight increase.

“The labor market has shown steady improvement in recent months,” said economist Kathryn Kobe, a consultant who maintains and helped develop Bloomberg BNA’s WTI database. Kobe said she expects private sector pay increases to climb over 2.0 percent this year, compared with a 1.7 percent year-over-year gain in the first quarter reported by the Labor Department in its employment cost index.

Reflecting recent economic conditions, six of the WTI’s seven components contributed to the rise in the second-quarter index, while one factor was negative.




Source: BNA.com

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