1. Also today, Fed Vice Chairman Alice Rivlin said it remains unclear how long the U.S. economy will enjoy modest wage gains. 2. As employers struggle to find enough workers to help them meet strong demand, wage gains are starting to edge up, often the first step toward rising prices. 3. Average hourly earnings, meanwhile, are up only a little bit, he said, and that may be due to increased overtime rather than wage gains. 4. A combination of skimpy wage gains and maxed-out credit cards are forcing consumers to browse, not buy. 5. A number of industries, including construction and retailing, showed accelerating wage gains, indicating that tight labor markets were benefiting some workers. 6. A more timely gauge of wage gains and economic activity, the July employment report, will sound a similar tune, according to a Bloomberg New survey. 7. Bundesbank Chief Economist Otmar Issing said double-digit unemployment is capping wage gains and minimizing the risk of inflation as the German economy recovers. 8. But investors were soon troubled by signs of inflation in wage gains and the workweek. 9. But to help offset the cost of the health insurance, the union has agreed to hold back on wage gains. 10. But wage gains are also popping up all over the place. |