- Analytics
- News and Tools
- Market News
- US: Employment Cost Index rises by 1% in Q4 vs. 1.1% expected
US: Employment Cost Index rises by 1% in Q4 vs. 1.1% expected
- Employment Cost Index in the US rose less than expected in Q4.
- US Dollar Index lost its traction and erased daily recovery gains after the data.
The data published by the US Bureau of Labor Statistics revealed on Tuesday that the Employment Cost Index, compensation costs for civilian workers, increased by 1.1% in the fourth quarter.
This reading came in below the market expectation of 1% and followed the 1.2% increase recorded in the third quarter.
"Wages and salaries increased 1.0% and benefit costs increased 0.8% from September 2022," the BLS further noted in its publication.
Market reaction
With the initial reaction, the US Dollar lost some strength against its major rivals and the US Dollar Index was last seen trading virtually unchanged on the day at 102.22.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
