Washington Public Sector Labor Negotiations Blog
Trends and Developments Concerning Washington Public Labor Contracts
By Jim Cline and Kate Kremer
In our last article covering CPI we reported on the dramatic recent fall off in inflation (below 0%) numbers. We also predicted that, as to the pivotal June CPI report, the number would show an increase but that “we are not anticipating that these numbers will leap up anywhere near the 2% mark.” In fact, the June CPI numbers are out and they do show a turnaround in inflation numbers and numbers well short of the normal 2% mark.
By Jim Cline
One additional sign of good economic news this week came in the form of a Bureau of Labor Statistics Second Quarter Wage Report. The BLS, the data reporting branch of the Department of Labor reports that despite the low rate of inflation, reports wages are rising, 2.7% as to the period one year ago:
By Jim Cline
The February “Economic and Revenue Update” from the Washington State Economic and Revenue Forecast Council provides a good summary of the recent rounds of good economic news both nationally and locally. The key findings by the Revenue Council include that on the national level:
