31 July 2025, 16:53 USA: Employment Costs Slightly Above Forecasts.
Compensation costs for civilian workers in the United States increased 0.9% in Q2 2025, the same as in the previous period, slightly above market forecasts of a 0.8% rise. Wages and salaries increased 1%, up from a 0.8% rise in Q1, while benefit costs increased 0.7%, down from 1.2% previously. Compensation costs for private industry workers rose by 1% (vs 0.8%), and those for state and local government workers advanced by 0.8% (vs 0.9%). Year-on-year, employment costs rose by 3.6%, the same pace as in the previous period.
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