The U.S. Bureau of Labour Statistics released its employment cost index on Friday. The U.S. employment cost index rose 0.6% in first quarter, after a 0.5% gain in fourth quarter.
Wages and salaries increased 0.7% in the first quarter, after a 0.6% rise in the fourth quarter, while benefits payments climbed 0.5% in the first quarter, after a 0.7% increase in the fourth quarter.
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