Reply To: Traders Market Weekly: Avoid Whiplash, Fasten Your Seatbelts

#74080
Truman
Participant

Employment costs for civilian workers increased 1.2% (consensus 1.0%), seasonally adjusted, for the 3-month period ending in March 2024, versus 0.9% for the 3-month period ending in December 2023. Wages and salaries increased 1.1% and benefit costs increased 1.1% from December 2023. On a year-over-year basis, compensation costs for civilian workers were up 4.2%.

The key takeaway from the report is that compensation costs accelerated from the fourth quarter, lending to concerns about general price inflation sticking above the Fed’s 2% target for longer than expected.