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Employment cost index
New data shows companies are spending more on workers
Wages are rising and benefits are getting better. Trouble is, inflation is outpacing pay.
The statistic Fed Chair Powell uses to keep an eye out for wage inflation
The central bank will scrutinize the employment cost index for 2021’s fourth quarter for signs that rising pay could fuel rising prices.
Employee compensation growth stalls out
Labor costs and wages make anemic gains in second quarter reports.