Current US wage trends may be here to stay – NY Fed research

Researchers present new tools for predicting wage growth in US

The costs of employment

Moderation in nominal wage growth in the US may have stalled, researchers with the Federal Reserve Bank of New York argue. 

“Our estimates point to persistent wage growth that is still above its pre-pandemic levels,” write Martin Almuzara, Richard Audoly, Augustin Belin, and Davide Melcangi. Their model, they say, points in parallel with other measures to a labour market that is still very tight. 

According to the Economic Policy Institute, actual year-on-year wage growth for private employees was

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account