Comment on Is That... Wage Growth?!?!

Is That... Wage Growth?!?!

The latest employment cost index report came out from the Bureau of Labor Statistics this morning. Overall compensation increased by increased by 0.7% in Q3, and wages increased by 0.8%. Year-over-year, compensation is up 2.2%, with wages up 2.1%. This looks like the wage growth that everyone has been looking for after signs the labor market is tightening up.

 

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