Wage Series Part 3: Current economic conditions — Good with a Receding Likelihood of a Recession

Wage Series Part 3: Current economic conditions — Good with a Receding Likelihood of a Recession

By Jim Cline and Kate Kremer

This is the third article in our wage series reporting on contract settlement trends.  This article highlights some of the recent economic developments most likely to impact your negotiations outlook.  As always, the most important variable for your contract is your local economy and your employer’s fiscal condition but the larger state and national trends have an immediate bearing on those and are worth an examination. 

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PART 1 of Negotiations and Settlement Trends: Will This Week’s CPI Report Show Diminishing Inflation – and What Does It Mean for Pending Negotiations?

PART 1 of Negotiations and Settlement Trends: Will This Week’s CPI Report Show Diminishing Inflation – and What Does It Mean for Pending Negotiations?

By Jim Cline and Kate Kremer

We have been closely tracking and reporting on inflation trends. The recent “ups and downs” (in inflation has implications for the broader economy but it has some rather direct impacts on our contract negotiations. 

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Impact of June CPI Numbers on Contract Negotiations

Impact of June CPI Numbers on Contract Negotiations

By Jim Cline and Kate Kremer

In the last newsletter, we reported on the Bureau of Labor Statistics release of the June CPI numbers. As was noted, over the past 4 months the CPI has slid dramatically, although the Seattle numbers remain high by historic standards and substantially outpace the national CPI indices. The June CPI-W numbers are reflected in this graph:

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