Employment Cost Index increased 0.6%

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Friday, Oct 30 2015

Compensation costs for civilian workers increased 0.6% seasonally adjusted, in line with market expectations, for the 3-month period ending in September 2015, the U.S. Bureau of Labor Statistics reported. Wages and salaries (which make up about 70% of compensation costs) increased 0.6%, and benefits (which make up the remaining 30% of compensation) increased 0.5%.

Separate report showed that, personal income increased $18.6 billion, or 0.1%, and disposable personal income (DPI) increased $19.2 billion, or 0.1%, in September. Analysts were expecting 0.2% gain. Personal consumption expenditures (PCE) increased $15.6 billion, or 0.1%. In August, personal income increased $54.9 billion, or 0.4%, DPI increased $49.5 billion, or 0.4%, and PCE increased $44.2 billion, or 0.4%, based on revised estimates.

After the data USD strengthen slightly against its major rivals. Euro is currently being traded around 1.1010 level, Sterling is at 1.5350 area, while Aussie is near 0.71 handle

Last modified on Friday, 30 October 2015

More in this category: « Eurozone inflation up in September USD - Major events in the week ahead »

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