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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: russwinter who wrote (2180)3/16/2004 8:54:39 AM
From: MulhollandDrive  Read Replies (5) of 116555
 
U.S. wage trend indicator lowest since 1993 By Rex Nutting
WASHINGTON (CBS.MW) -- Wage increases at private firms will likely average about 3 percent through the end of the year, according to the Bureau of National Affairs' quarterly wage trend indicator released Tuesday. The private publishing firm's index signals turning points in wages about six to nine months in advance, said Joel Popkin, the economist who developed the index. The index is at its lowest level since 1993. "The U.S. economy is stuck in a period of tepid job growth that has dampened wage pressures in private industry," BNA said. "The labor market is about as weak now as it was in 1993, and the rate of annual wage increases is about the same as it was 11 years ago," Popkin said.

cbs.marketwatch.com
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