US employment costs accelerated by more than forecast at the start of the year, underscoring persistent inflationary pressures that will keep the Federal Reserve on track for another interest-rate hike next week.
The employment cost index, a broad gauge of wages and benefits, increased 1.2% in the first quarter, according to Labor Department figures released Friday. It was the first quarterly acceleration in a year, led by a pickup in benefits.
The median estimate in a Bloomberg survey of economists called for a 1.1% advance. Labor costs have risen at least 1% for seven straight quarters, extending what ...
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AN image showing Nigerian entertainer Iweh Pascal Odinaka, popularly known as Poco Lee, standing inside a UK court during his trial has surfaced on social media, with a claim suggesting that the f...