Labor Costs Easing, But for How Long? The latest numbers on US labor costs in Q2 have been met with a collective shrug from economists and policymakers. The 0.
9% increase in the Employment Cost Index (ECI) may seem minor compared to stronger wage growth seen in previous quarters.
Wage gains are concentrated in goods producing industries, a sector traditionally associated with strong wage growth. However, this resurgence may be fleeting.