Labor & Economic News Blog


Thursday, September 07, 2006

Labor costs shake a pillar of federal policy

Labor costs shake a pillar of federal policy
Source: NYT
A new Labor Department report suggested yesterday that the threat of higher inflation had not diminished and that it might take more monetary restraint to hold prices down. The report found unit labor costs — which take into account changes in productivity and hourly wages — increased much more sharply in the first half of the year than the government first calculated.

 



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