Employment Cost Index has been trending higher in America| glObserver Global Economics


On Friday, we learned that wages grew 0.3% month-on-month in May and rose 2.3% over the prior year. And over the last 3 months, wages have risen at an annualized pace of 2.9%. In May, the economy added 280,000 jobs, additional than expected, while the unemployment rate ticked up slightly to 5.5%.

Sourced through Scoop.it from: globserver.cn

Employment Cost Index has been trending higher in America

See on Scoop.itglObserver Americas

Author: globserver

Director of Eyecom china

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