fed minutes, 2022-09-21
Nominal wage growth continued to be rapid and broad based: Average hourly earnings rose 5.2 percent over the 12 months ending in August, while the employment cost index of hourly compensation in the private sector, which also includes benefit costs, rose 5.5 percent over the 12 months ending in June, 2.4 percentage points faster than the year-earlier pace.
Sentiment: neutral
Topic: mp_labor_market