Arlington, Va. (Oct. 15, 2014) - The rate of
annual pay increases for private sector workers is headed modestly higher in
the coming months, according to the final third-quarter Wage Trend
Indicator™ (WTI) released today by Bloomberg BNA, a leading
publisher of specialized news and information.
The index rose to 99.22 from 99.13 in the second quarter,
as revised. The WTI has climbed steadily since the fourth quarter of 2013.
“We've seen slow but steady gains in the labor market
recently, and inflationary expectations have moved slightly higher,” said
economist Kathryn Kobe, a consultant who maintains and helped develop Bloomberg
BNA’s WTI database. Kobe said she expects annual pay increases to climb 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, five of the WTI’s
seven components contributed to the rise in the third-quarter index, while one
factor was negative and another was neutral.
Source: BNA
No comments:
Post a Comment