U.S. paychecks increased moderately in the final three months of last year, yet the gain was little changed from the sluggish post-recession trend.
The employment cost index, which tracks wages and benefits, rose 0.6 percent in the October-December quarter, the Labor Department said. That's the same as the previous three months.
In the past year, salaries and benefits have risen just 2 percent, the same annual pace as the previous two quarters. That is below the roughly 3.5 percent rate that is consistent with a healthy economy.
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1 comment:
No COLA for seniors too. The hand writing is on the wall people.
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