WASHINGTON—U.S. labor costs rose at the slowest pace in at least three decades in the spring, a sign of persistently sluggish wage growth that could weigh on the Federal Reserve’s decision to raise short-term interest rates.
The employment-cost index, a broad measure of workers’ wages and benefits, climbed a seasonally adjusted 0.2% in the second quarter from the first quarter, the Labor Department said Friday. That marked the…
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