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US Q4 Employment Cost Index Signals Labor Market Yet to Stabilize
From wellsfargo.bluematrix.com
The Employment Cost Index came in a bit softer than expected in Q4 and points to the labor market continuing to gradually cool. Relative to a year ago, compensation costs were up 3.4%, the slowest pace of growth since early 2021. Although wages & salaries have led the slowdown, benefit costs have also cooled, with health benefits being a notable exception. Overall, compensation growth has settled to a pace that supports real income gains for workers without adding meaningful pressure to inflation, particularly when considering the solid trend in productivity recently. This dynamic should make labor costs less of an ... (full story)
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- Feb 10, 2026 6:35pm Posted byFundamental Analysis1,166
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