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Published 21 days ago

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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