“Overall, compensation costs are likely to remain subdued going forward, reflective of a high level of unemployment that will restrain wages."
Strong discretionary spending signals consumer confidence, rising solidly along with several other key economic indicators.
Employment costs rose 0.5% in the fourth quarter of 2016, below the level of increases in the prior three quarters.
A collection of CFO.com articles and stories published on July 31, 2015.
The U.S. employment cost index rose just 0.2% in the second quarter, the smallest increase in 33 years.
Improving wages could prod the Fed to move sooner on interest rates.
First-quarter data show that U.S. wages and salaries are beginning to rise after years of stagnation.
