Today’s data showed that the Employment cost index rose 0.8% during the third quarter. Analysts at Wells Fargo, point out it was led by a 0.9% increase in wages. With the labor market continuing to tighten, they expect costs to climb faster over the next year. Key Quotes: “Labor costs continued to climb over the third quarter, with the ECI increasing slightly faster than expected at 0.8%. Over the past year, the ECI is up 2.8% versus 2.5% this time last year.” “Compensation costs grew faster in Q3 due to a pickup in the wages component. Wages & salaries strengthened by 0.9% over the quarter. Private sector wages are up 3.1% over the past year, which is the strongest pace of the expansion.” “Employment costs are likely to increase further in the coming months as a large share of businesses plan to raise compensation. We expect the ECI to rise 3.1% in 2019. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD touches new 7-week highs above 1.3160 as oil sell-off continues FX Street 4 years Today's data showed that the Employment cost index rose 0.8% during the third quarter. Analysts at Wells Fargo, point out it was led by a 0.9% increase in wages. With the labor market continuing to tighten, they expect costs to climb faster over the next year. Key Quotes: "Labor costs continued to climb over the third quarter, with the ECI increasing slightly faster than expected at 0.8%. Over the past year, the ECI is up 2.8% versus 2.5% this time last year." "Compensation costs grew faster in Q3 due to a pickup in the wages component. Wages &… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
