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US employment cost Index at for Q3 1.1% versus 1.0% expectation

Prior quarter 1.0%Employment cost index 1.1% versus 1.0% expectedWages 1.2% versus 1.0% last quarterEmployment benefits 0.9% versus 0.9% last quarterLooking at the chart above, prior to Covid, the QoQ increases were below the 1.0% level. Since 2021, most of the increases have been above 1%.Other details:12-Month Period Ending in September 2023:Compensation costs for civilian workers increased by 4.3%.Wages and salaries increased by 4.6%, down from 5.1% in the previous year.Benefit costs rose by... Read More

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Posted: Oct 31 2023, 12:30

Author Name: forexlive

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