Workers' paycheck growth accelerated in the first quarter, a possible concern for the Fed
- Pay and benefits for American workers grew 1.2% in the first quarter, potentially impacting inflation, per the Labor Department.
- The Employment Cost Index reflected a 1.2% increase compared to the previous quarter.
- Year-on-Year compensation growth was consistent at 4.2%, raising concerns about inflation at the Federal Reserve.
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Leaning Left5Leaning Right1Center6Last Updated21 days agoBias Distribution50% Center