Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Wage growth is alive and well in America

Myles UdlandJan 29, 2016, 19:00 IST

Protesters rally during demonstrations asking for higher wages in the Manhattan borough of New YorkThomson Reuters

Wages are still growing for US workers.

The employment cost index rose as expected in the fourth quarter, with wages increasing 0.6%.

Expectations were for the latest employment cost index to show an 0.6% in costs during the fourth quarter.

The ECI report is a more comprehensive measure of wage growth than the average hourly earnings figure released with the monthly jobs report as it takes into account benefits in addition to wages and salaries.

More to come...

NOW WATCH: We tried the new value menus at McDonald's, Burger King, and Wendy's - and the winner is clear

Please enable Javascript to watch this video