Hourly wages show revival in the US economy

While Federal Reserve Chairman Janet responded dismissively in March, when she was asked if wage growth is accelerating in the US, some companies and economists argue that the rising of the wages finally shows signs of recovery in the US economy.

Analysts at Goldman Sachs, announced this week, that now there is a “quite convincing” evidence of a positive trend in wages, based on their indicator for increase in payment. Last week, a survey form medium-sized companies from the National Center for the Middle Market noted that more than half of the companies consider payment  increases in the first quarter – a sharp increase in the preliminary estimates.

Fed’s Beige Book, which compiles reports on the local economies by the regional Federal Reserve Banks, reported in April that all but one area have increased wages and reported rapid growth.

Official evidence will be received today at 15:30, as the details on NFP will be announced. Economists expect the US to continue its trend of stable leases with a forecast to add 200,000 new jobs in April, a less modest figure compared to the 215,000 in March

 Varchev Traders

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