Percent: Wage Growth

percent: Most analysts have expected wage gains to remain close to 3 percent this year, according to Bloomberg surveys, according to The Japan Times. Hassett also said the White House is definitely seeing productivity go up and that's one reason the pay gains don't necessarily have to be inflationary, he said. What we're seeing is basically a really strong economy with solid wage growth that I think is going to improve this year, Kevin Hassett, chairman of the White House's Council of Economic Advisers, said in an interview Monday on Bloomberg Television. ; As companies invest more after tax cuts and the job market tightens, he said the administration very much expects year-over-year nominal wage growth that's currently just above 3 percent to exceed 4 percent in 2019, he said. Adjusted for inflation, wages rose 1.3 percent in December from a year earlier. Weighing on the U.S. economic outlook is uncertainty about the U.S. trade war with China, but Hassett said concerns should diminish as talks yield progress toward a resolution. The most recent figures show productivity rose in the third quarter at a 2.3 percent annualized rate, which is above average for this expansion. (news.financializer.com). As reported in the news.