US LABOUR COSTS RISE AT SLOWEST RATE IN TWO DECADES
Tema(s): En: Financial Times 30 abr. 1999, p. 1Resumen: The Employment Cost Index, the government's measure of tracking changes in compensation costs, rose 0.4 per cent in the first quarter of 1999, the lowest rise since 1982, compared with a rise of 0.7 per cent in the previous quarter. Economists, surprised by the figure which had been forecast at 0.8 per cent, said the benign inflationary environment appeared to vindicate the Fed's pursuit of a looser monetary policy despite the level of economic expansion. Economists agreed the data reflected the absence of upward pressure on employment costs despite the existence of a tight labour market. Unemployment in March fell to a 29-year low of 4.2 per cent, well below the 6 per cent level that some thought might fuel wage-related inflation.| Tipo de ítem | Biblioteca actual | Signatura | Info Vol | Estado | Fecha de vencimiento | Código de barras | |
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Analítica de Seriada
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BIBLIOTECA ECONÓMICA BCE - QUITO | RESUM-021107 (Navegar estantería(Abre debajo)) | Financial Times. 30 abr. 1999, p. 1 | Disponible |
The Employment Cost Index, the government's measure of tracking changes in compensation costs, rose 0.4 per cent in the first quarter of 1999, the lowest rise since 1982, compared with a rise of 0.7 per cent in the previous quarter. Economists, surprised by the figure which had been forecast at 0.8 per cent, said the benign inflationary environment appeared to vindicate the Fed's pursuit of a looser monetary policy despite the level of economic expansion. Economists agreed the data reflected the absence of upward pressure on employment costs despite the existence of a tight labour market. Unemployment in March fell to a 29-year low of 4.2 per cent, well below the 6 per cent level that some thought might fuel wage-related inflation.
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