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Consumer Price Index: Difference between revisions
→1. Wages
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The labor market is still resilient to rates increases, and wages are still above average, due to this we can still expect pressure to the upside in CPI in the coming months, especially in the service sector.<ref>https://tradingeconomics.com/united-states/wage-growth#:~:text=Wage%20Growth%20in%20the%20United,percent%20in%20March%20of%202009</ref> | The labor market is still resilient to rates increases, and wages are still above average, due to this we can still expect pressure to the upside in CPI in the coming months, especially in the service sector.<ref>https://tradingeconomics.com/united-states/wage-growth#:~:text=Wage%20Growth%20in%20the%20United,percent%20in%20March%20of%202009</ref> | ||
* | * In March, average hourly earnings for all employees on private nonfarm payrolls rose by 9 cents, or 0.3 percent, to $33.18.<ref>https://www.bls.gov/news.release/empsit.nr0.htm</ref> | ||
* Over the past 12 months, average hourly earnings have increased by 4.2 percent. Down from 4.6% in the prior month and slightly below market forecasts of a 4.3% rise. <ref>https://tradingeconomics.com/united-states/average-hourly-earnings-yoy</ref> | |||
* In March, average hourly earnings of private-sector production and nonsupervisory employees rose by 9 cents, or 0.3 percent, to $28.50. <ref>https://www.bls.gov/news.release/empsit.t19.htm</ref> | |||
===2. Supply chain issues=== | ===2. Supply chain issues=== | ||