Wage Growth Tracker Increase Will Add To Fed Push For Rate Hike

In another good sign for workers, wage growth is continuing to rise and job switchers are making significant wage gains.  The Atlanta Fed puts out a monthly measure called the Wage Growth Tracker (WGT) and last month’s reading for all workers was the highest since 2009. For workers switching jobs, the measure was the highest since December, 2007.  So it looks like we are finally getting near the point where wage growth has resumed its pre-recession levels.  It goes without saying that this will be another indicator to the hawks on the Fed to raise interest rates.