Newspaper article St Louis Post-Dispatch (MO)

U.S. Paychecks Show Little Sign of Accelerating in 4th Quarter (Print Only)

Newspaper article St Louis Post-Dispatch (MO)

U.S. Paychecks Show Little Sign of Accelerating in 4th Quarter (Print Only)

Article excerpt

WASHINGTON * U.S. paychecks increased moderately in the final three months of last year, yet the gain was little changed from the sluggish post-recession trend.

The employment cost index, which tracks wages and benefits, rose 0.6 percent in the October-December quarter, the Labor Department said. That's the same as the previous three months.

In the past year, salaries and benefits have risen just 2 percent, the same annual pace as the previous two quarters. That is below the roughly 3.5 percent rate that is consistent with a healthy economy.

There have been some signs wages are picking up in other data, but those gains are modest. Average hourly pay increased 2.5 percent in December from a year earlier, according to the government's monthly jobs report. …

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