November 3, 2017
There has been some recent pick-up in the rate of wage growth. The annualized growth rate, taking the average of the last three months compared with the prior three months, is 3.1 percent, which translates into real wage growth of around 1.0 percent. With productivity growth around 1.0 percent, this implies that workers are getting back some of the ground lost to profits during the recession. For more, check out the latest Jobs Byte.