Arlington, Va. (Nov. 19, 2014) - Further
improvement in the pace of wage growth is likely by the middle of 2015,
according to the preliminary fourth-quarter Wage Trend Indicator™
(WTI) released today by Bloomberg BNA, a leading publisher of
specialized news and information.
The index rose to 99.40 from 99.22 in the third quarter.
If confirmed by the revised and final fourth-quarter readings, it would be the
WTI's fifth straight gain since late 2013.
“Almost all labor market indicators remain positive, and
the latest WTI is signaling there is enough pressure on employers to push wage
growth somewhat higher,” said economist Kathryn Kobe, a consultant who
maintains and helped develop Bloomberg BNA’s WTI database. In the third
quarter, private sector wages and salaries rose 2.3 percent year-over-year,
compared with a 1.9 percent gain during the same period in 2013 and the biggest
increase since late 2008, the Labor Department reported.
Reflecting recent economic conditions, four of the WTI’s
seven components contributed to the rise in the fourth-quarter index, while one
factor was negative and two were neutral.
Source: BNA
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