Low US unemployment unlikely to foster sudden wage growth – research


The ultra-low unemployment rate in the US is unlikely to trigger sharp wage increases, according to research published by the Federal Reserve Bank of San Francisco on January 14.

In Does Ultra-Low Unemployment Spur Rapid Wage Growth?, researchers at the San Francisco Fed Sylvain Leduc, Chitra Marti, and Daniel Wilson analyse whether at very low unemployment the wage Phillips curve becomes non-linear.

“A careful look at the wage Phillips curve across states yields little evidence supporting the

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: