(Bloomberg) — Employment costs rose at a slower pace in the third quarter compared with the prior three months, indicating workers have limited scope to bargain for higher wages as the U.S. economy struggles to pick up.
The employment cost index increased 0.4% following a 0.5% gain in the prior quarter, the Department of Labor said Wednesday. Business activity unexpectedly contracted for a second month in October, another report showed.
Register or login for access to this item and much more
All Employee Benefit News content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access