Wage Series Part 2: Recent Wage Settlement Trends in Washington Public Safety Labor Contracts — An Ever So Slightly Rising Trend Line

Wage Series Part 2:  Recent Wage Settlement Trends in Washington Public Safety Labor Contracts  — An Ever So Slightly Rising Trend Line

By Jim Cline and Kate Kremer

This is the second part of our 10 part Fall 2016 wage series.  In this article we take a look at recent contract settlements and examine how those trends vary from recent previous years.  Our view of 2015 and 2016 settlements and what we have so far from 2017 indicates that the Washington State public sector wages are a mirror of national wage stagnation.  We see some wage increases with little substantial “real wage” growth (as measured once controlled for inflation).  Whether a growing economy eventually will accelerate these is something we’ll discuss later in this series.

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Wage Series Part 1: Latest CPI Shows Seattle and All Cities CPI on the Rise

By Jim Cline and Kate Kremer

The latest inflation reports show CPI on the rise.  In the last two month reporting period the Seattle CPI (W) has jumped from 2.0% to 2.6% and the All-Cities (W) has doubled from 0.7% to 1.4%.

This is the first of an 11 part series addressing current economic conditions and wage settlement trends.  In this Fall 2016 Wage Series we’ll bring you an update on CPI and economic developments, wage settlements, interest arbitration trends, statewide wage rankings for public safety classifications across the State, and an in-depth analysis of what factors appear to be impacting those rankings and settlements.

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Seattle Index Continues to Outshine National Index

Seattle Index Continues to Outshine National Index

 

space needle- moneyBy Jim Cline and Kate Kremer

As we recently wrote, CPI Edging Up , the Seattle CPI continues to far outpace the All-Cities Index.  The latest report has the Seattle Index at 2.6%, far outpacing the 0.8% All Cities Index.  This probably should not be too surprising giving the robust Seattle economy which is far outpacing the most modest economic growth occurring elsewhere.  The economic growth is no doubt placing additional pressures on local prices.

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