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The report showed that survey respondents' expectations for earnings growth over the next year surged in January, as the chart below illustrates.
Business Insider/Matthew Boesler (data from New York Fed)
The New York Fed provides a demographic breakdown of the responses to its survey questions, so we can see who exactly is expecting higher wages over the next year than they were in December.
In fact, the gains were widespread across every demographic group, as the charts below show.
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AGE GROUP: Older workers posted the biggest increase in earnings growth expectations in January.
Business Insider/Matthew Boesler (data from New York Fed)
INCOME BRACKET: Those making under $50,000 recorded the biggest increase in earnings growth expectations in January.
Business Insider/Matthew Boesler (data from New York Fed)
EDUCATION LEVEL: Those with no college experience recorded the biggest increase in earnings growth expectations in January.
Business Insider/Matthew Boesler (data from New York Fed)
REGION: Those in the Northeast recorded the biggest increase in earnings growth expectations in January.
Business Insider/Matthew Boesler (data from New York Fed)
