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.
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