WASHINGTON (AP) — U.S. workers saw their annual wages and benefits rise by 0.7 percent in the final three months of last year, a moderate gain that was down only slightly from the third quarter.
The Labor Department says that the seasonally adjusted October-December gain was down from a 0.8 percent rise in the third quarter.
Over the past 12 months, wages and benefits are up 2.9 percent, an improvement from a 12-month gain of 2.8 percent in the 12 months ending in September.
WASHINGTON (AP) — U.S. workers' wages and benefits grew 2.6 percent last year, the fastest 12-month pace since the spring of 2015.
The 12-month gain in wages and benefits came despite a slight slowdown at the end of last year with wages and benefits rising 0.6 percent in the fourth quarter, a tiny dip from a 0.7 percent gain in the third quarter, the Labor Department reported Wednesday. Still, the 12-month gain was an improvement from a 2.2 percent gain for the 12 months ending in December 2016.
WASHINGTON (AP) — U.S. workers' wages and benefits grew faster in the third quarter, adding to recent signs that American workers are seeing their pay climb.
The Labor Department said Tuesday that total compensation was up 0.7 percent from July through September after growing 0.5 percent in the second quarter.
Wages and salaries, which account for about 70 percent of compensation costs, rose 0.7 percent. Benefits, including pensions and health insurance, were up 0.8 percent.
TOKYO (AP) — Asian shares were mostly higher Friday, taking their cue from optimism on Wall Street set off by a report showing spending by U.S. consumers growing in July, along with wages and salaries.
WASHINGTON (AP) — Wages and benefits paid to U.S. civilian workers grew at a steady pace in the third quarter.
The Labor Department says total compensation rose 0.6 percent from July through September, same as it did from April through June. Wages and salaries increased 0.5 percent, benefits 0.7 percent.
In the 12 months that ended Sept. 30, compensation increased 2.3 percent, up from an annual gain of 2 percent a year earlier.
WASHINGTON (AP) — U.S. consumers scaled back their spending in August to its weakest pace in five months, reflecting a drop in spending on autos. Income growth also decelerated as wages and salary gains slowed following four strong months.
Consumer spending was unchanged last month after solid gains of 0.4 percent in July and 0.3 percent in June, the Commerce Department reported Friday. It was the poorest showing since a similar flat reading in March.