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US LABOR COSTS RISE MODERATELY IN FOURTH QUARTER

  • NEWS Desk Global
  • Jan 31, 2025
  • 1 min read



U.S. labor costs rose marginally in the fourth quarter, offering some comfort to Federal Reserve officials after progress lowering inflation stalled at the end of 2024.

The employment cost index (ECI), the broadest measure of labor costs, gained 0.9% last quarter after rising 0.8% in the third quarter, the Labor Department's Bureau of Labor Statistics said on Friday.

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