2  BIS Review 123/2010  As for the outlook, the pace of economic improvement is likely to slow for the time being due to the ending of the boost from the extremely hot summer and to the absence going forward of the recent last-minute increase in demand for durable consumer goods.
However, some other prominent aggregate wage measures have remained softer. For example, the BLS’s average hourly earnings for all employees on nonfarm payrolls have increased 2–1/4 percent over the 12 months through April. BIS central bankers’ speeches  worse economically than other areas of the country. 3 Rhode Island is one such place.