US Labor Costs Increase in Second Quarter as Wage Growth Picks Up
Private-sector wages rose 0.9% in the quarter, while labor costs increased 3.4% over the past 12 months, the Labor Department said.
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US Employment Costs Grew at a Steady Pace in Second Quarter
The cost of employment index in the United States rose by 0.9% in the second quarter, according to the Department of Labour (BLS). Exclusive subject matter for subscribers. To have full access, access the link of the subject and register.
US labor costs increase in second quarter as wage growth picks up
Real Wages Fall As U.S. Labor Costs Edge Higher
U.S. labor costs increased slightly more than expected in the second quarter as private-sector wage growth picked up, though the trend suggested the jobs market was not driving inflation. The strength in wages reported by the Labor Department on Friday was concentrated in the goods-producing industries. Job growth accelerated between March and May. The momentum, however, fizzled in June. Economists describe the labor market as being stuck in a …
Labor costs in the US rose 0.9 percent in the second quarter, compared to the previous quarter.
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