- Highest since 1990
- Prior was +1.0%
- Wages +1.2% vs +1.0% prior
- Benefits +1.8% vs +0.9% prior
This report is getting more attention than usual and is helping keep the dollar strong despite a slight miss on the PCE inflation data.
US Q1 employment cost index +1.4% vs +1.1% expected
- US first quarter wage and benefit cost data