The phrase
"wage gains" refers to an increase or improvement in the amount of money a person earns from their job. It means that individuals are receiving higher wages or salaries compared to before.
Full definition
Even with the strengthening labor market, most officials «still described the pace
of wage gains as moderate», according to the minutes.
The data shows the highest
wage gains in the past 20 years or so have come among skilled workers.
Even with the strengthening labor market, most officials «still described the pace of
wage gains as moderate,» according to the minutes.
Over in the real economy, jobs and
moderate wage gains continue to support solid spending and steady growth not just here, but in most countries across the globe.
Thus «we have been gradually raising interest rates,» he said, repeating that he expects inflation to rebound along
with wage gains.
The economy expanded, there was record low unemployment,
strong wage gains and high corporate profits.
The unemployment rate remained at 4.1 % for the sixth straight month, and
wage gains went up slightly for workers.
For instance, the tightening labor market may be starting to show long -
awaited wage gains.
They might have to pay more, but it is no tragedy for our current population of low - skill workers to see
larger wage gains during the good times.
The longer - term trend for job creation in 2015 has been fairly robust, even
if wage gains have been disappointing.
Furthermore, most of the
nominal wage gains are concentrated in the upper 20 % of the workforce.
Two weeks ago inflation fears sparked by a surprise jump in
wage gains sent the markets into a tail spin.
For instance, the tightening labor market may be starting to show long -
awaited wage gains.
In 2013 and the first half of 2014, San Diego home prices increased at annual rates between 10 and 20 percent — far
outpacing wage gains.
U.S. employers added the largest number of workers in nearly three years in November and
wage gains picked up, a sign of economic strength that could draw the Federal Reserve closer to raising interest rates.
I see a toss - up between these two scenarios — but either outcome, faster job growth with
steady wage gains, or steady job growth with an acceleration in wages, would boost household incomes and economic fundamentals.
And
such wage gains feed back into global prosperity more readily than other kinds of economic boosts, such as profits, because wage - earners use the money to buy more goods and services — precisely the economic stimulus governments have been trying to bring about since the crisis of 2008.
Indeed, the 10 - year Treasury yield hit a four - year high on Friday after the latest monthly U.S. jobs report showed
solid wage gains, effectively confirming an expected rate increase at the Federal Reserves next meeting, in March.
The figure is 2.7 % above the hourly wages workers saw in March last year, which is broadly in line with the moderate pace of
wage gains so far this year.
Canadians also need to start seeing
meaningful wage gains again, as we did between 1950 and 1980 when household income more than doubled in real terms.
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.»
There was much excitement on Wall Street following strong employment gains for February that were accompanied by
modest wage gains which suggested the Federal Reserve should be in no rush to raise interest rates aggressively.
Moreover, such
wage gains feed back into global prosperity more readily than other kinds of economic boosts, such as profits, because wage - earners use the money to buy more goods and services — precisely the economic stimulus governments have been trying to bring about since the crisis of 2008.
Rental demand is high, as tight lending standards and muted
wage gains continue to sideline many households from buying homes, The Wall Street Journal reports.
But it is unclear why the proposed tax cuts will provide the magic elixir required for higher productivity to translate
into wage gains.
Recent outcomes were similar in the public and private sectors, after a period in which public sector EBAs had delivered
higher wage gains than in the private sector.
Some analysts believe this has helped keep
wage gains stagnant even as the jobless rate has fallen because employers don't have to raise wages as much to retain talent when there is less employee turnover.
The U.S. economy probably added 185,000 jobs in March
while wage gains accelerated, a survey of economists showed, reinforcing the Federal Reserve's case for continuing to increase interest rates gradually to keep inflation from overheating while keeping unemployment low.
Yellen is looking to
improve wage gains as the new standard for the U.S. economic recovery.
That said, there's just no story right now, at least in the actual data (as opposed to expectations), of an overly tight job market leading to
inflationary wage gains.
Berson predicts that
when wage gains start to accelerate nationally, probably by early next year, they will boost inflation more than expected.
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).
U.S. wage gains are feeding higher inflation and solid consumer spending, supporting profits in the face of rising labor costs.
Columbus, OH - Despite a surprising slowdown in household growth at the end of 2015, the outlook for the U.S. housing market remains upbeat thanks to solid housing demand driven by continued job growth and
incipient wage gains.
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.
After all, it has been a long time since the economy has been strong enough to cause
decent wage gains for the average Joe.
The current robust pace is not expected to be sustained as economists forecast a slower pace of economic growth for the balance of the year amid
lackluster wage gains.
The U.S. economy accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, but persistent
sluggish wage gains cast a dark shadow over the growth outlook.