U.S. businesses struggle with increased labor costs after Covid
03 Aug 2021, 15:03 GMT+10
WASHINGTON D.C.: The cost of labor in the United States rose significantly in Q2 as firms increased salaries and offered perks to fill jobs, thereby stoking fears of long-term inflation in the midst of restraints in supplies.
A 0.7 percent increase was recorded in the Employment Cost Index in the last quarter, following a 0.9-percent gain in Q1, according to information released by the U.S. Labor Department on July 30.
This pushed up the twelve-month rate to reach 2.9 percent, the highest since 2018 Q4, as compared to the Q1 figure of 2.6 percent.
Worker pay rises strongly as businesses fight to fill jobs
965themill.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 965themill.com Daily Mail and Mail on Sunday newspapers.
Worker pay rises strongly as businesses fight to fill jobs | WHMP 101 5 / 1240 & 1400 AM
whmp.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from whmp.com Daily Mail and Mail on Sunday newspapers.
U S Department Of The Treasury: Economy Statement By Catherine Wolfram, Acting Assistant Secretary For Economy Policy, For The Treasury Borrowing Advisory Committee
mondovisione.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondovisione.com Daily Mail and Mail on Sunday newspapers.