Wednesday, January 25, 2017

Wage rates accelerate in 2017?

"We haven't been hearing reports from firms where the typical worker's wage increase in 2017 is expected to be above 4 percent. However, we did get readings for the Wage Growth Tracker pretty close to 4 percent in October and November of last year. As the following chart shows, a sharp increase in women's median wage growth (hitting 4.3 percent in October 2016) drove the overall increase. In contrast, the median wage increase for men was 3.5 percent."