U.S. employment costs climb 0.5% in 4th quarter

The employment cost index measuring the price of U.S. labor rose a mild 0.5% in the fourth quarter, seasonally adjusted, the Labor Department said Thursday. That matched the forecast of economists surveyed by MarketWatch. The ECI is a closely followed index that reflects how much companies,…

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U.S. employment costs climb 0.5% in 4th quarter