Employers
US Labor Costs Rise at Firm Pace, Keeping Fed Hikes on Track
Bloomberg (10/28/22) US employment costs rose at a firm pace in the third quarter, underscoring persistent inflationary pressures that will keep the Federal Reserve on a course of steep interest-rate hikes. The employment cost index, a broad gauge of wages and benefits, increased 1.2% in the July-September period, according to Labor Department figures released Friday. The gain matched the median estimate in a Bloomberg survey of
October 28, 2022