Pantheon Macroeconomics - The 0.7% first quarter increase in the ECI measure of private sector wages and salaries raised the year-over-year rate to 2.8%, the highest since late 2008 and significantly stronger than the 2.1% increase in hourly earnings in the year to March.

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01 May. 2015 Fed doves on the defensive as wages break to the upside

By Ian Shepherdson

The 0.7% first quarter increase in the ECI measure of private sector wages and salaries raised the year-over-year rate to 2.8%, the highest since late 2008 and significantly stronger than the 2.1% increase in hourly earnings in the year to March.

Posted: 1st May 2015 in 'U.S. Documents'

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