ChainCatcher reported that U.S. labor costs posted a moderate increase in the third quarter, with the Employment Cost Index, or ECI, rising 0.8% from the previous quarter. That was below the 0.9% increase recorded in the April-to-June period and matched expectations. The update points to a slower pace of labor cost growth on a quarterly basis compared with the prior reading.
The report also said labor costs were up 3.4% over the 12 months through September. No additional breakdown was provided in the source brief. The figures were cited by ChainCatcher in a 7x24 news update.
According to ChainCatcher, U.S. labor costs rose moderately in the third quarter, with the Employment Cost Index (ECI) up 0.8% in the quarter.
That was lower than the 0.9% increase in the April-to-June period and was in line with expectations.
Over the 12 months through September, labor costs increased 3.4%.
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