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Photo by Yuri Krupenin on Unsplash
Photo by Yuri Krupenin on Unsplash

U.S. EMPLOYMENT COST INDEX, Q4 2025 COMMENTARY

2025 Fourth Quarter Summary: Further softening in compensation cost growth, though margin above general inflation widens slightly
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U.S. EMPLOYMENT COST INDEX, Q4 2025 COMMENTARY

U.S. EMPLOYMENT COST INDEX, Q3 2025 COMMENTARY

2025 Third Quarter Summary: Growth in compensation costs continues downward trend, though still above general inflation
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U.S. EMPLOYMENT COST INDEX, Q3 2025 COMMENTARY

U.S. EMPLOYMENT COST INDEX, Q2 2025 COMMENTARY

2025 Second Quarter Summary: Workers’ real purchasing power has slightly weakened despite continued wage growth above inflation.
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U.S. EMPLOYMENT COST INDEX, Q2 2025 COMMENTARY

U.S. EMPLOYMENT COST INDEX, Q1 2025 COMMENTARY

2025 First Quarter Summary: Continue gains in workers’ real purchasing power, while private-sector benefit costs, particularly healthcare, are accelerating faster than wages.
image of a stock board, like you may find on wall street.
U.S. EMPLOYMENT COST INDEX, Q1 2025 COMMENTARY

U.S. EMPLOYMENT COST INDEX, Q4 2024 COMMENTARY

2024 Fourth Quarter Summary: Year-on-year growth of employee compensation softens but remained solidly above consumer inflation.
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U.S. EMPLOYMENT COST INDEX, Q4 2024 COMMENTARY

U.S. EMPLOYMENT COST INDEX, Q3 2024 COMMENTARY

2024 Third Quarter Summary: Compensation costs continue to rise faster than inflation: good news for workers, especially union workers.
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U.S. EMPLOYMENT COST INDEX, Q3 2024 COMMENTARY

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