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 ETFs Wane Despite Highs: A Glimmer of Hope on the Horizon? READ MORE Indian Gold Sector Launches Self-Regulatory Body to Boost Trust READ MORE Oil Volatility Hits Multiyear Low as Threat of Mideast Conflict Lowers READ MORE Gold Breaks Election Year Norms Amid Heightened Global Tensions READ MORE Political Uncertainty Drives Britons to Gold, Reports Royal Mint READ MORE Add a Comment Cancel replyYour email address will not be published.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