Employers
Labor Costs Surge in First Quarter, Fueling Inflation
Reuters (04/29/22) Mutikani, Lucia U.S. labor costs surged by the most in 21 years in the first quarter, according to the U.S. Department of Labor. The employment cost index jumped 1.4% last quarter after advancing 1.0% in the October-December period. Economists polled by Reuters had forecast the index climbing 1.1% in the first quarter. Last quarter’s increase was the largest since the current series started
April 29, 2022