Bloomberg (12/23/14) Nina Glinski
Consumers expect their incomes to rise by 1.7% next year, up 1.1% from the last three months and the highest since 2008, according to the December Thomson Reuters and University of Michigan final consumer sentiment poll. The strongest expectations were among those under the age of 45 at 4.7%, up from 2.9% a year ago.
“As the unemployment rate continues to fall, we’re in the zone right now for wages to begin to pick up,” says Neil Dutta, head of U.S. economics at Renaissance Macro Research LLC. “I wouldn’t be surprised” to see wage growth of up to 3.5% this time next year, he says.
New Webinar: CareerBuilder Staffing and Recruiting Talent Brief
As many as 75% of staffing and recruiting professionals say some of their currently existing talent acquisition and human capital management roles will be completely automated using technology over the next 10 years. Find out how this will impact your business.