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