fed minutes, 2016-06-15
Measures of labor compensation continued to rise at a moderate pace on balance: Compensation per hour in the nonfarm business sector increased 3-3/4 percent over the four quarters ending in the first quarter, the employment cost index for private workers rose 1-3/4 percent over the 12 months ending in March, and average hourly earnings for all employees increased 2-1/2 percent over the 12 months ending in May.
Sentiment: neutral
Topic: mp_labor_market