Record Increase in U.S. Labor Costs Points to Continued Inflationary Pressure U.S. labor costs surged by 1.2% in the first quarter, marking the largest increase in a year and exceeding economists’ forecasts, according to the Bureau of Labor Statistics. This rise in the employment cost index, a key indicator of wage and benefit costs, suggests ongoing wage pressures that contribute to persistent inflation. The data, which surprised markets, led to a drop in stock-index futures, an increase in Treasury yields, and a strengthening of the dollar. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Investors Eye Friday's Payrolls Data for Fed Policy Clues READ MORE Gold’s Rally to $2,195: A Sign of What’s to Come READ MORE Cooling Inflation Sparks Treasury Rally, Reshaping Fed Policy Outlook READ MORE Are the Gold Bulls Overexuberant? READ MORE S&P 500 Nears Record High, Metals Shine Amid Dollar Dip READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment