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U.S. employment costs moderate in second quarter

Por: MarketWatch Politics July 28, 2023

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Key details: Wages and salaries increased 1% last quarter, down from 1.2% in the prior three month period. The 12-month increase in wages was up 4.6%, down from 5% in the first quarter. Benefits rose 0.9% in the second quarter after a 1.2% gain in the January-March quarter. The 12-month increase in benefits moderated to 4.2% from 4.5% in the first quarter. Big picture: “Wages and salaries have come off record highs but are rising at an... + full article



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