Finance Forex

Worker pay and benefits rise at fastest pace in 11 years, ECI shows

Worker Pay And Benefits Rise At Fastest Pace In 11 Years, ECI Shows article is one from the Finance, Forex categories, published just after our reporter Erick Emerson by January 31, 2019, the article can search just after those tags 11, benefits, ECI, fastest, pace, Pay, Rise, shows, Worker, years. I am pleasant to satisfied you and providing those other post like finance also I'm always writting the section frequenlty.

Getty Images

The strong U.S. labor market is producing higher pay and benefits for American workers.

The numbers: A gauge that measures how much workers are compensated rose strongly in the fourth quarter and showed the fastest annual increase in pay and benefits in 11 years.

The employment cost index increased 0.7% in the fourth quarter, the government said Thursday. Economists polled by MarketWatch had forecast a 0.8% increase.

Compensation rose in 2018 at a 2.9% clip, up from 2.8%. That’s the biggest 12-month increase since the fall of 2008.

What happened: Wages rose 0.6% in the fourth quarter. They make up about 70% of employment costs.

Benefits make up the rest of worker compensation. They increased 0.7%.

The ECI reflects how much companies, governments and nonprofit institutions pay employees in wages and benefits.

Big picture: The cost of labor has risen steadily over the past few years as the U.S. labor market tightened, with unemployment and layoffs falling to the lowest levels in 50 years. The dwindling pool of skilled labor has forced companies to sweeten pay and benefits.

Yet higher labor costs still haven’t made a big dent in corporate profits or contributed much to higher inflation. Improved income gains for American households, meanwhile, have kept the U.S. on a stable growth path that’s resulted in a nearly record long economic expansion.

Read: Economic ‘crosscurrents’ sink Fed plans to raise interest rates. Here’s the worry

Market reaction: The Dow Jones Industrial Average

DJIA, -0.07%

and S&P 500

SPX, +0.90%

fell in Thursday trades. Stocks soared on Wednesday after the Fed backtracked on its previous plans to raise interest rates.

Read: ‘Patient’ Fed takes wait-and-see stance; Powell says case for higher rates ‘weakens’

The 10-year Treasury yield

TMUBMUSD10Y, -1.53%

was little changed at 2.67%. Yields have tumbled since late last year, when they hit a seven-year high of 3.23%.

You maybe want to read another essay finance by our related essay or you might want to find out on top of favoured post, I am always publishing those finance section routine for tips and clue along with trick so control our finance and living this financial freedom. These blogpost is written over Erick Emerson with the title Worker Pay And Benefits Rise At Fastest Pace In 11 Years, ECI Shows.

Related posts of "Worker pay and benefits rise at fastest pace in 11 years, ECI shows"

Five Below Stock Could Be a Great Pick In Discount Retail

Watch the correlation between slower consumer spending and sales growth at discount retailers, say some on Wall Street.  That's why Jim Cramer's Action Alerts Plus team owns Five Below Inc. (FIVE) . hint: clothes sold in Five Below are $5 apiece or below.  "Everything sold there is five dollars or less, so if you're worried...

‘Blowout’ jobs report further evidence of strong growth, economists say

Here are reactions to the January jobs data, which showed 304,000 new U.S. jobs created in the month, and the unemployment rate rising to 4%. Read more about the jobs report from MarketWatch. • Thomas Simons, senior money market economist at Jefferies LLC, called the report a “blowout” and noted January payrolls were...

Hedge, Hedge, Hedge – RealMoney

By MARK SEBASTIAN Feb 04, 2019 | 03:53 PM EST Stocks quotes in this article: SPY Traders, the market has made a significant climb higher since the beginning of the yearWe are currently only sitting about 200 points from the all-time high of the S&P 500, earnings have been decent, and selling seems to have...

What to Watch in the Healthcare Sector After CVS’s Earnings

How's the healthcare sector looking? Jonathan Corpina, senior managing partner at Meridian Equity Partners, talked to TheStreet about the healthcare sector and what he's watching.  Related. Trump Administration Is No Friend to Pharmacy Benefit Managers Like CVS On Wednesday morning, Real Money's Stock of the Day, CVS Healthcare (CVS) , released earnings. The company posted stronger-than-expected fourth-quarter earnings but...

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.