Since 2000, the wage and salarygrowthrate peaked at over 8% only for the first half of 2006 and for the record, wage and salarygrowth averaged 7% between first quarter 2005 and third quarter 2007.
In the real world what should be most important right now is that wage and salarygrowth has slumped to a 2.3 percent year-over-year rate of growth from Friday March 26 through Thursday, April 11.