American labor costs rose more than anticipated last quarter, new government data shows. The Employment Cost Index (ECI), a measure of wages and benefits, climbed 1.2% last quarter after increasing by an unrevised 0.9% during the last three months of 2023, the Bureau of Labor Statistics said...
The grocery bill may increasingly be hard to swallow. The restaurant tab may make diners hesitant to reach for the check, and perhaps seek to split the bill with the rest of the table. In terms of headline numbers, the Consumer Price Index (CPI) increased 0.1% in...
U.S. workers’ median weekly earnings have grown faster than inflation over the last year. The usual weekly earnings of full-time wage and salary workers in the first quarter were 6.1% higher than they were a year earlier, while the Consumer Price Index for all urban...
The government shutdown was no speed bump, at least, according to the latest job numbers. Data released on Friday (Feb. 1) morning found that job growth, as measured in January, sent nonfarm payrolls up by as many as 304,000 positions. That growth trounced estimates of...
July 31, 2024
American companies added 122,000 jobs this month, while wage growth continued to slow. That’s according to the latest monthly employment report from ADP, released Wednesday (July 31), showing the number of new private sector jobs is down from 155,000 in June. Wage increases slowed to 4.8%, the slowest pace in three years, while increases for people changing […]
April 30, 2024
American labor costs rose more than anticipated last quarter, new government data shows. The Employment Cost Index (ECI), a measure of wages and benefits, climbed 1.2% last quarter after increasing by...
April 18, 2023
U.S. workers’ median weekly earnings have grown faster than inflation over the last year. The usual weekly earnings of full-time wage and salary workers in the first quarter were 6.1%...
September 13, 2018
New census data shows that U.S. household incomes rose for the third straight year, up 1.8 percent when adjusted for inflation. The Wall Street Journal reported that the figures, released...
