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Atlanta Fed April wage growth tracker dips to 6.1% from 6.4% in March

The Atlanta Fed is out with a wage growth tracker which has dipped to 6.1% from 6.4% in March.Economist Jason Furman said that the levels consistent with inflation above 4%, and is higher than other measures of wages.Looking at the chart, the pre-covid wage data had a ceiling near 4% (3.5% to 4% range). In October 2021, the tracker moved above the 4% ceiling level and has remained above since that time. The high watermark reached 6.7% in July and August 2022. Since peaking the lows have been at... Read More

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Posted: May 11 2023, 17:15

Author Name: forexlive

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