Economic Letter
Brief summaries of SF Fed economic research that explain in reader-friendly terms what our work means for the people we serve.
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What Do Financial Officers Predict for the Labor Market?
Stephie Fried, Tobin Graf, Simar Malhotra
Business leader surveys can be an important and reliable source for insights into future labor market conditions, particularly for expected wage growth. Survey responses from financial executives regarding their expectations for wages at their firms have closely tracked subsequent actual U.S. nominal wage growth since 2002, outperforming household survey projections in their accuracy. Estimates for…
