Not exact matches
Also, as the jobless rate has fallen,
wage growth has accelerated, from around 2 to 2.5 percent,
on average.
On average, workers see big
wage growth in their 20s.
There are many theories
on the inconsistent
wage growth, with debates reignited with every monthly fluctuation in
average hourly earnings.
Given that U.S.
growth has firmed and headline payrolls has been solid, inflation (specifically
wage growth) has been the missing key for the Fed; accordingly most attention will likely fall
on the
average hourly earnings data which is seen rising slightly
Other official labour cost data based
on wage - bill measures, such as
average weekly ordinary time earnings and
average earnings from the national accounts, paint a similar picture, identifying firm
wage outcomes but giving little indication of an acceleration of aggregate wages
growth.
Unemployment in November remained at 4.1 percent, but
average hourly
wage growth is
on a pace for 2.5 percent
growth this year, below the 2.7 percent expected.
Specifically, median family income estimates are based
on the
average of
wage growth and last year's actual income
growth.