Annual wage gains are not expected to improve in the near future for the private sector, according to the preliminary second quarter Wage Trend Indicator by Bloomberg BNA.

Nebraska lawmakers on Tuesday overrode Gov. Dave Heineman's veto of a public-employee retirement bill, holding in place a deal that was struck to shore up the retirement plans of teachers, judges and state patrol troopers.

The number of Americans seeking unemployment benefits rose 32,000 last week to a seasonally adjusted 360,000, the most since late March. The jump came a week after applications had reached a five-year low.