Subscribe to Breaking News emails

You have successfully subscribed to the Breaking News email.

Subscribe today to be the first to to know about breaking news and special reports.

No Wage Drop for 1st Time Since 2012, Survey Says

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.

If your wallet feels a little heavier, this may be the reason why. The share of U.S. companies raising wages more than doubled in the three months to July from a year ago, a survey showed on Monday, suggesting a faster pace of wage growth.The National Association for Business Economics' (NABE) latest business conditions survey found that 43 percent of the 79 economists who participated said their firms had increased wages. That compared to only 19 percent last year and marked an increase from 35 percent in the three months to April. It was the first time since October 2012 that no respondents reported declining wages at their firms. The economists represented a broad spectrum of businesses, including goods-producing, transportation, finance and services industries. Forty percent of the firms employ more than 1,000 people. Of course, prices for all sorts of everyday items have risen, so it's about time we had a little catch-up.

Sign up for top Business news direct to your inbox.

IN-DEPTH

-- Reuters and NBC News Staff

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.
MORE FROM news