U.S. Compensation Costs Rise 0.8% as Growth Slows in Third Quarter

U.S. civilian compensation costs rose 0.8% in the third quarter, slowing from the prior period, while wages and salaries also recorded a smaller increase in the Employment Cost Index. On a seasonally adjusted basis, compensation costs increased 0.8% in the three months through September, compared with 0.9% in the prior quarter. The quarterly increase in wages and salaries eased to 0.7% from 0.9%. In the 12 months through September, civilian compensation costs increased 3.4%, while wages and salaries rose 3.1%.

Source: TokenPost