Current Forecast of US Wage Growth

Units: Compensation Index, 2009=100.  Seasonally Adjusted.

Solid Line = Actual Values.  Dashed Line = Predicted Values.



Forecast Values for US Wage Growth

DateForecast
Oct-17118.97
Nov-17118.8
Dec-17118.45
Jan-18118.34
Feb-18118.7
Mar-18119.28
Apr-18119.73

How This Forecast is Produced

The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.

The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components.  The decomposed components of the time series are then projected forward in time.