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NFIB Weekly News

NFIB Weekly News Leading the News

Payrolls Continue To Rise, Wages Growing By Most In A Decade. (11/06/2018)

Reuters (10/31, Mutikani) said the ADP national employment report shows that “US private sector payrolls increased by the most in eight months in October.” According to Reuters, “The strong jobs market is gradually putting upward pressure on compensation, with other data on Wednesday showing a solid increase in labor costs in the third quarter.” Reuters added that the Labor Department’s Employment Cost Index report “showed wages and salaries, which account for 70 percent of employment costs, jumped 0.9 percent in the third quarter after climbing 0.5 percent in the prior period.”

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