U.S. Labor Cost Growth Slows, Consumer Confidence Dips in Latest Quarter
Allwork
FEBRUARY 1, 2023
“But policymakers want to see a wider margin of slack open up to be confident that the slower inflation in late 2022 becomes the trend.” ” According to the Employment Cost Index, labor costs grew 1% last quarter — the smallest advance since the fourth quarter of 2021 and followed a 1.2% in January from 34.5
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