Arlington, Va. (Sept. 16, 2014) - A modest pickup in the
pace of annual wage increases for most workers is likely in the coming months,
according to the revised third-quarter Wage Trend Indicator™ (WTI) released
today by Bloomberg BNA, a leading publisher of specialized news and
information.
The index stood at 99.11, essentially unchanged from
99.12 in the second quarter. The WTI has risen or held roughly steady since the
end of 2012.
“The labor market has continued to improve in recent
months, although not by leaps and bounds,” said economist Kathryn Kobe, a
consultant who maintains and helped develop Bloomberg BNA’s WTI database. Kobe
said she expects annual pay increases to improve to be consistently above 2.0
percent by early 2015, compared with a 1.9 percent gain in the second 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 third-quarter index, while one
factor was negative.
Source: BNA
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