Economists see unemployment holding steady but some say wage inflation may be emerging

Mon, 30 Jul 2018

By Rebecca Howard July 30 (BusinessDesk) - Economists are tipping the second-quarter unemployment rate to remain steady but some say Wednesday's data may point to signs of wage inflation as the impact of a lift in minimum wage kicks in and migration continues to slow. The June quarter unemployment rate is expected to be 4.4 percent, unchanged from the first quarter, according to the median of 14 economists polled by Bloomberg. Private sector wage inflation - including overtime - is forecast to rise 0.6 percent versus 0.3 percent in the pr...

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