Published: 2026-10-30T12:42:36.000Z
U.S. Q3 Employment Cost Index - Wages slowing, benefits firm
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The 0.8% increase in Q3’s Employment Cost index is in line with expectations. Yr/yr growth remains stable at 3.4%.
Wages and salaries rose by 0.7%, consistent with signs of slowing in non-farm payroll average hourly earnings. Yr/yr growth slowed to 3.1% from 3.2%.
Benefits rose by 0.9%, slightly slower than the previous two quarters but still sufficient to lift yr/yr growth to a 3-year high of 3.9% from 3.8%.
