Here's a year-end forecast that might give private-sector workers reason to smile: Bloomberg BNA's Wage Trend Indicator sees the pace of income growth accelerating in the second half of 2014.

After consecutive quarters of flat wages, the index rose to 98.78 in the fourth quarter from 98.70.

"We are beginning to see some improvements in the labor market, with the unemployment rate falling to 7 percent in November," said economist Kathryn Kobe, a consultant who maintains and helped develop Bloomberg BNA's WTI database.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Employer-Paid
Cost-Containment