US employment index for Q4 0.9% vs 1.0% expectations ...Middle East

Prior quarter 1.1%employment cost index for Q4 0.9% vs 1.0% expected. Lowest since the 2nd quarter of 2021.Wages Q4 0.9% vs 1.2% last quarterBenefits Q4 0.7% vs 0.9% last quarterDown across the board is good news for inflation. However, pre-covid the data was mostly below the 1.0% level. So although lower, it is still near the highs of pre-Covid levels. ---------------------------------------------------------------------------------------Summary of Compensation Costs TrendsOverall Civilian Workers Compensation (3-month and 12-month Period Ending December 2023)3-month Period: Compensation costs increased by 0.9%, with wages and salaries up 0.9% and benefit costs up 0.7% from September 2023.1

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