November 08, 2013
November 8, 2013
Wage growth continues on roughly the same track, with the average hourly wage increasing at a 1.8 percent annual rate over the last three months. Interestingly, wages rose at a slightly faster 2.1 percent rate for production and non-supervisory workers continuing a pattern seen throughout this cycle. Since this category accounts for more than 80 percent of the workforce, it implies that generally more educated supervisory workers are seeing notably smaller wage gains.
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