A closely watched indicator that tracks what employers pay workers in wages and benefits rose 1.2% last quarter, the Labor Department said today, a cooler pace than in the prior quarter. The Employment Cost Index shows that wage growth is still hot, but it also suggests that the Federal Reserve’s fear of a wage-price spiral
Wages still rising across US but pace slowing
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
