U.S. Q3 employment costs data
SPY•The U.S. employment cost index rose 0.8% in the third quarter, matching the economist survey forecast; civilian workers’ total compensation increased 3.4% over 12 months.
1. Employment costs
The employment cost index reached 178.6 in September, up from 177.2 in June. Civilian workers’ total compensation rose 0.8% over three months and 3.4% over 12 months; wages and salaries rose 0.7% and 3.1%, respectively.
