NFIB Weekly News

NFIB Weekly News

Leading the News

Labor Department: Private Sector Wages Rising In Tight Labor Market.


The Wall Street Journal (12/14, Morath, Subscription Publication) reported the Labor Department on Friday said the average hourly compensation of private-sector workers, including both pay and benefits, rose by 2.9 percent in the third quarter over 2017, and a small increase over the prior quarter. The Journal highlighted a three percent increase in wages and salaries led the growth. The Journal added that a separate Labor Department measure of hourly wages showed a 3.1 percent increase in November over 2017, which also amounts to the best annual increase in nine years.

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