COMMENTARY ON TODAY’S U.S. BUREAU OF LABOR STATISTICS EMPLOYMENT COST INDEX Today’s compensation report showed that wages and benefits continued to grow in the fourth quarter of 2022 – albeit at a slower rate compared to earlier in the year. Compensation for private industry workers grew by 5.1…
Commentary on today’s U.S. Bureau of Labor Statistics Employment Situation Report by Frank Steemer Today’s jobs report showed that the US labor market remains on solid footing, with a whopping 517,000 jobs added in January 2023, after an increase of 260,000 jobs (an upward revision) in December 2022.…