Current US wage trends may be here to stay – NY Fed research
Researchers present new tools for predicting wage growth in US
Moderation in nominal wage growth in the US may have stalled, researchers with the Federal Reserve Bank of New York argue.
“Our estimates point to persistent wage growth that is still above its pre-pandemic levels,” write Martin Almuzara, Richard Audoly, Augustin Belin, and Davide Melcangi. Their model, they say, points in parallel with other measures to a labour market that is still very tight.
According to the Economic Policy Institute, actual year-on-year wage growth for private employees was
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