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In the coming months, the rate of pay increases for private-sector workers is expected to remain steady, according to the revised first quarter Wage Trend Indicator released by Bloomberg BNA.

The index dropped to 98.40 from 98.56 in the fourth quarter of 2011. If the final first-quarter reading confirms it, this would mark the WTI’s first decline in nearly two years. Private-sector annual wage increases are projected to near the 1.6 percent gain in 2011 as measured by the Department of Labor’s employment cost index.

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