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US currency laid out on a table with coins falling on top. Compensation growth slowed slightly in the third quarter of the year, signaling that the white-hot labor market is cooling off.

Wage Growth Starts to Lose Steam as Labor Market Cools

Compensation growth slowed slightly in the third quarter of the year, signaling that the white-hot labor market is cooling off. The latest data from the Bureau of Labor Statistics‘ Employment Cost Index (ECI) shows that compensation costs, including wages and benefits, rose 0.8% from June to September. While still an increase, it marks a deceleration […]
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