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US Employment Cost Growth Stable, Stays Below Inflation

Bloomberg Markets Friday 30 October 2026, 12:32 UTC By Jeffrey Sparshott 1 min read
Key Points

US Employment Cost Growth Stable, Stays Below Inflation US labor cost growth held steady in the third quarter, suggesting that the job market is not contributing to broader inflationary pressures. The employment cost index, which tracks changes in wages and benefits, increased 3.4% in the 12 months ended in September, according to Bureau of Labor Statistics figures out Friday. Adjusted for inflation, compensation costs declined 0.4%.

US Employment Cost Growth Stable, Stays Below Inflation US labor cost growth held steady in the third quarter, suggesting that the job market is not contributing to broader inflationary pressures. The employment cost index, which tracks changes in wages and benefits, increased 3.4% in the 12 months ended in September, according to Bureau of Labor Statistics figures out Friday. Adjusted for inflation, compensation costs declined 0.4%.
US Employment Cost Growth Stable (ORG) US (LOCATION) Bureau of Labor Statistics (ORG)
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