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Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 20 October 2014 [View all]xchrom
(108,903 posts)25. SURVEY: PAY RAISES RARER DESPITE STRONG US HIRING
http://hosted.ap.org/dynamic/stories/U/US_BUSINESS_SURVEY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-10-20-07-17-25
WASHINGTON (AP) -- U.S. businesses were much less likely to boost pay in the third quarter than in previous months, even as hiring remained healthy, a sign that wage gains may remain weak in the coming months.
A quarterly survey by the National Association for Business Economics found that only 24 percent of companies increased wages and salaries in the July-September quarter. That's down from 43 percent in the April-June quarter and the first drop after three straight increases.
Yet the firms still added jobs at a healthy pace, which usually pushes wages higher as employers compete for workers. A measure of hiring in the survey dipped in the third quarter but remained near a three-year high. The figures suggest that the number of people out of work remains high enough that companies aren't under any pressure to raise pay.
And just one-third of respondents said they expect their companies will boost wages in the October-December quarter, about the same proportion as three months ago.
WASHINGTON (AP) -- U.S. businesses were much less likely to boost pay in the third quarter than in previous months, even as hiring remained healthy, a sign that wage gains may remain weak in the coming months.
A quarterly survey by the National Association for Business Economics found that only 24 percent of companies increased wages and salaries in the July-September quarter. That's down from 43 percent in the April-June quarter and the first drop after three straight increases.
Yet the firms still added jobs at a healthy pace, which usually pushes wages higher as employers compete for workers. A measure of hiring in the survey dipped in the third quarter but remained near a three-year high. The figures suggest that the number of people out of work remains high enough that companies aren't under any pressure to raise pay.
And just one-third of respondents said they expect their companies will boost wages in the October-December quarter, about the same proportion as three months ago.
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