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Article: ECONOMY ROUNDUP
- Article from:
- The Record (Bergen County, NJ)
- Article date:
- August 11, 2009
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The Record (Bergen County, NJ)
08-11-2009
ECONOMY ROUNDUP
Date: 08-11-2009, Tuesday
Section: BUSINESS
Column: ECONOMY ROUNDUP
* With unemployment rising and the available labor pool expanding, don't expect a sweet raise to kick off 2010.
The average annual pay raise at year-end and to start 2010 most likely will fall below 2 percent.
BNA Inc. said the final second-quarter reading of the Wage Trend Indicator was 98.55, down from 99.35 in the first quarter. The index, based on a reading of 100 for the 1976 second quarter, dropped for the fifth straight quarter.
It also was the index's lowest reading since the second quarter of 2004, when the indicator was at 98.28.
BNA's index compiles and ...