US labor cost growth cooled in the fourth quarter from a year earlier, reassuring Federal Reserve policymakers wage pressures are gradually diminishing and no longer a key driver of inflation.

The employment cost index (ECI), the broadest measure of labor costs, gained 0.9% last quarter after rising 0.8% in the third quarter, the Labor Department's Bureau of Labor Statistics said on Friday.

Economists have been sounding the alarms that the Fed’s “inclusive” employment strategy may be to blame for staggering ...

we take more signal from the medium-term trend in productivity growth and the Employment Cost Index, which makes labor costs look like less a threat to the Fed's inflation objective. The U.S.

Rounding out the week, Friday, January 31, traders will digest PCE data, alongside the employment cost index, personal income, personal spending, and the Chicago Business Barometer. As we prepare ...

U.S. lawmakers propose banning DeepSeek's app on government devices over security concerns, similar to the TikTok ban, citing links to China's government. Roblox faces a significant drop after ...

As traders approach another pivotal day for financial markets, a series of crucial decisions and economic data releases that could sway market dynamics are expected on Friday, January 31, 2025. The ...

The WSJ Dollar Index is down 0.25 point or 0.24% this month to 102.51 –Largest one-month point and percentage decline since Sept. 2024 –Snaps a three-month winning streak –This week it is up 0.71 ...

Production and distribution costs in the manufacturing sector surged by 18.2 per cent in the fourth quarter of last year, ...

He listed exorbitant electricity tariff and high cost of alternative energy, high exchange rate and forex scarcity, high cost and shortage of raw materials as some of the problems ...

Labour market statistics provide a picture of the New Zealand labour market, including unemployment and employment rates, demand for labour, and ...

Manufacturers' confidence in Africa’s most populous country has risen marginally in the fourth quarter of 2024 as consumer ...