US employment cost growth steady in Q1, as expected.
Worker compensation growth in the States was steady at the start of 2025, but the rate of salary increases ebbed.
Source: Sharecast
According to the US Department of Labor, in seasonally adjusted terms, total worker compensation, which includes both salaries and benefits, advanced at a quarterly annualised clip of 0.9%.
That was the same as over the prior three-month stretch and in line with economists' forecasts.
In annual terms the ECI was ahead by 1.2%, in comparison to the 0.8% recorded during the same month one year before.
Wage and salaries growth slowed by two tenths of a percentage point over the first three months of 2025, to reach 0.8%.
In private industry it went from 0.9% to 0.8%, and in state and local government from 1.1% to 0.8%.
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