U.S. Employment Costs Rise at Record Pace as Wages Surge (Personal Income Declines -1.04%)
by confoundedinterest17 U.S. employment costs rose at the fastest pace on record in the third quarter as companies across a variety of sectors raised wages against a backdrop of labor shortages. The employment cost index, a broad gauge of wages and benefits, rose 1.3% from the prior quarter, according to Labor Department data released Friday. The … Read more