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U.S. sales give hiring, wages boost

Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new National Association for Business Economics survey.
Oklahoman Published: July 21, 2014
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Sales boost

hiring, wages

— Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new survey by the National Association for Business Economics.

Fifty-seven percent of the 85 respondents to the quarterly survey said sales at their companies rose in the April-June period. That was up from 53 percent in the first quarter and 35 percent in the same period a year ago. Just 5 percent of firms said sales fell in the second quarter.

As sales picked up, so did hiring. Thirty-six percent of firms said they hired more workers in the second quarter, up from 28 percent in the first quarter and 29 percent in the second quarter of 2013.

The employment outlook was steady: 37 percent of respondents expect their companies to hire more workers during July-October.

For the first time since October 2012, no respondents reported falling wages. Forty-three percent said their firms raised wages during the second quarter.

Associated Press