Stronger wage increases are expected in the private sector, according to the second quarter Wage Trend Indicator released by Bloomberg BNA, a publisher of specialized news and information.
The WTI index rose to 98.67 from 98.42 in the first quarter.
"The latest WTI indicates the pace of wage growth will strengthen but probably not dramatically so," says Kathryn Kobe, an economist and consultant who maintains and helped develop Bloomberg BNA's Wage Trend Indicator database. "We're still seeing mixed signals in the labor market with small, steady job gains."
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