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The US Employment Cost Index (ECI) rose by 0.8% quarter-over-quarter in the third quarter, meeting market expectations and down from 0.9% in the second quarter.
The U.S. Employment Cost Index (ECI) increased by 0.8% quarter-over-quarter in Q3, meeting market expectations and down from 0.9% in Q2. Specifically, wages and salaries rose by 0.7% in Q3, lower than the 0.9% increase in Q2; benefits costs increased by 0.9%, down from 1.0% in Q2.
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Previous: The commander of U.S. Central Command stated that the main shipping lanes in the Strait of Hormuz are free of mines, a claim refuted by Iran's Revolutionary Guard, which said it prevented two oil tankers from passing through "unauthorized routes."
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Next: Canada's GDP was flat month-over-month in August (-0.0%), falling short of market expectations of 0.2%; Statistics Canada's preliminary estimate for September GDP is a 0.1% month-over-month decrease.
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