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MNI BRIEF: Atlanta Fed's Wage Growth Tracker Edges Up To 6.0%

(MNI) Washington
(MNI)
USDataPolicyFederal ReserveNorth AmericaStoryBriefRegionCentral Bank

The Atlanta Fed's Wage Growth Tracker continued to edge up in March, with the 3-month moving average increasing to 6.0% from 5.8% in February, matching a high going back to August of 1990.

The Atlanta Fed's wage tracker shows gains of 4.5% over the last year, up from 4.3% in February, while the 3-month moving average growth in wages for people identified as having changed jobs was up half a percentage point from the prior month to 7.1%. For those not changing jobs the tracker was at 5.3%, versus 5.4% the previous month.

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The Atlanta Fed's Wage Growth Tracker continued to edge up in March, with the 3-month moving average increasing to 6.0% from 5.8% in February, matching a high going back to August of 1990.

The Atlanta Fed's wage tracker shows gains of 4.5% over the last year, up from 4.3% in February, while the 3-month moving average growth in wages for people identified as having changed jobs was up half a percentage point from the prior month to 7.1%. For those not changing jobs the tracker was at 5.3%, versus 5.4% the previous month.

Keep reading...Show less