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Growth in Pay, Benefits for U.S. Workers Estimated to Have Cooled in Spring
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wsj.comGrowth in the pay and benefits of U.S. workers is being closely watched for the signal compensation changes send about the path of broader inflation, which is trending at the highest rate in four decades.
Economists surveyed by The Wall Street Journal estimate the employment-cost index, a measure of wages and benefits for civilian workers, increased a seasonally adjusted 1.1% in the second quarter. That would suggest employers saw slightly less pressure on labor costs than in the first quarter of the year when compensation grew 1.4%, the fastest on records tracing back to 2001.
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