Wage growth is alive and well in America
Advertisement
Thomson Reuters
Advertisement
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...
Advertisement
Advertisement
- Today's Silver Prices (May 16, 2024): Updates for Mumbai, Delhi, Kolkata, Bengaluru, Chennai, and other Indian cities
- Bridgerton season 3 will be out on Netflix India today! Here’s everything you need to know about the popular period drama
- With over one lakh fresh jobs, hotel industry could revitalise Indian job market in the next 18 months: Report
- Gold Price Update (May 16, 2024): Rates in Mumbai, Delhi, Kolkata, Bengaluru, Chennai, and other Indian cities
- France declares state of emergency in New Caledonia as violent protests rage