What will be the annual percentage change in the average hourly earnings of US private sector employees in October 2022?
Closed Oct 31, 2022 07:01AM UTC
Labor shortages have put pressure on wages in the US (CNBC, Bloomberg, Wall Street Journal). The question will be suspended on 31 October 2022 and the outcome determined using Bureau of Labor Statistics data as reported by the Federal Reserve Economic Data (FRED) database for "Average Hourly Earnings of All Employees, Total Private," expected on 4 November 2022 (FRED, adjust the slider under the chart to include latest data). For August 2021, the annual percentage change was 4.07194%.
The question closed "An increase of between 4.0% and 5.0%, inclusive" with a closing date of 1 November 2022.
|Possible Answer||Correct?||Final Crowd Forecast|
|An increase of less than 2.0%||2%|
|An increase of between 2.0% and 3.0%, inclusive||6%|
|An increase of more than 3.0% but less than 4.0%||11%|
|An increase of between 4.0% and 5.0%, inclusive||50%|
|An increase of more than 5.0% but less than 6.0%||29%|
|An increase of 6.0% or more||2%|
Crowd Forecast Profile
|Number of Forecasters||122|
|Average for questions older than 6 months: 215|
|Number of Forecasts||510|
|Average for questions older than 6 months: 605|
|Participants in this question vs. all forecasters||average|