Despite the modest drop back in September's non-farm payroll employment and average weekly earnings, third-quarter annualised growth in wages and salaries is likely to have accelerated to perhaps 8.0%, almost double the 4.6% gain posted in the second quarter.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services