Federal Reserve policy makers at their April meeting were less optimistic on the outlook for wage increases as unemployment hovers around 9 percent.

"Wage increases continued to be restrained by the presence of a large margin of slack in the labor market," central bankers said. "Signs of rising wage pressures were reportedly limited to a few skilled job categories for which workers are in short supply, while, in general, increases in wages have been subdued."

Even moderate wage gains in some areas of the labor market are an encouraging sign that higher paychecks may be on the way for other temporary and permanent workers, according to Bourgeois.

"High unemployment is an ongoing economic problem, but ADP's recent results show solid signs of wage gains across a quite diverse set of employers," Bourgeois said. "Broader pay increases are feasible if economic expansion continues."

 

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