It began after the government reported Friday that
average wage gains, which have been lackluster for years, had surged 2.9 percent in the 12 months that ended in January.
But against the backdrop of slow
average wage gains and record levels of household debt, she says, «it looks like the average Canadian is about to get into a pretty serious squeeze play.»
Not exact matches
If one assumes Mr. Rosengren allows the economy to hum along at the current levels (a big if since he wants to raise rates), a
average 2.5 %
wage gain less 2 % inflation makes you wait three more years to get back to 2007 (a lost decade plus two) and five years to party likes it's 1999 (two lost decades, plus one).
Average weekly
wage at private employers in Los Angeles and Orange counties rose 2.8 percent in the 12 months ended in February vs. 1.8 percent annualized
gain the previous five years.
Grayson and Ellis rank high on the list due to the relatively low
average wages and the recent bout of home price inflation that has far exceeded
wage gains.
Wage growth was the surprise component of January's report with only a slight
gain in
average hourly earnings of 0.1 percent.