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Showing posts with the label Employment Cost Index

Employment Costs Rose 0.8% in Q3 2026—But That Is Not the Same as a Pay Raise

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Archival industrial workplace, probably photographed during a 1970s NIOSH investigation; location unidentified. CDC / NIOSH; supplied by Barbara Jenkins. · Source · Rights Economy · Labor costs Employment costs rose in Q3 2026 0.8% That is not the same as a pay raise. NEWJINMEDIA November 1, 2026 BLS reports 0.8% quarterly employment-cost growth. Separate wages, benefits and purchasing power before using the figure in a budget. The pay number and the employment-cost number are not the same The latest Employment Cost Index presents a useful tension for American workers and employers: compensation continued to become more expensive, yet wage purchasing power did not keep up with consumer prices. In the Bureau of Labor Statistics release issued October 30, total civilian compensation rose 0.8 percent from June to September 2026 after seasonal adjustment. Wages and salaries rose 0.7 percent, while benefits rose 0.9 percent. The difference matters because an employer's rising cost is n...

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