January 30, 2015

WINNING THE WAR ON WAGES:

U.S. Workers Still Waiting for Wage Growth (JEFFREY SPARSHOTT, 1/30/15, WSJ)

The employment-cost index, a broad gauge of wage and benefit expenditures, rose a seasonally adjusted 0.6% in the fourth quarter last year, the Labor Department said Friday. That's down from 0.7% in the two earlier quarters and jibes with other data showing only limited wage pressure across the U.S.

Wages and salaries, which account for about 70% of compensation costs, climbed 0.5%, a slowdown from the third quarter's 0.8% pace. Benefit costs rose 0.6%, matching the prior quarter.

The data is better than recent hourly earnings figures, which showed wages declining in December despite a postrecession low for the unemployment rate.

Posted by at January 30, 2015 4:15 PM
  

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