Wages and salaries jump to highest level in a decade

via CNBC by Jeff Cox

  • Wages and salaries rose 3.1 percent in the third quarter, the biggest increase in a decade, according to the Labor Department.
  • Overall compensation costs were up 2.8 percent, ahead of Wall Street expectations.
  • Wages have been the missing piece in the economic recovery, though the Fed has been raising rates to guard against future inflationary pressures.

    The complete story here > Wages and salaries jump by 3.1%, highest level in a decade


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