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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