Up to date Oct. 31, 2023 9:00 am ETAmerican employees are nonetheless commanding beefy pay raises. That is excellent news for employees however one thing that might complicate the Federal Reserve’s inflation battle. Employers spent 1.1% extra on wages and advantages in July via September than within the prior 3 months, in keeping with the Exertions Division’s employment-cost index, a measure of wages and advantages launched Tuesday. That was once quite quicker than the 1% achieve in the second one quarter—an indication that reimbursement pressures stopped easing as financial expansion sped up. Copyright ©2023 Dow Jones & Corporate, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
