US Employment Costs Slow to Finish 2022, Inflation-Adjusted Wages Still Negative

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By Andrew Moran Employment costs rose in the fourth quarter at a lower-than-expected pace, according to new data from the Bureau of Labor Statistics (BLS). In the three months ended in December, the Employment Cost Index (ECI) advanced 1 percent, slightly lower than economists&rsquo; expectations of 1.1 percent. This is down from the 1.2 percent increase in the third quarter and represented the third...
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