Arlington, Va. (Dec. 15, 2014) - Workers in
the private sector likely will see higher pay increases by the middle of next
year, according to the revised fourth-quarter Wage Trend Indicator™
(WTI) released today by Bloomberg BNA, a leading publisher of
specialized news and information.
The index rose to 99.37 from 99.22 in the third quarter,
marking the fifth consecutive gain since late 2013.
“The economy continues to move forward, and the labor
market has improved moderately,” 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 neutral and two were negative.
Source: BNA
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