WASHINGTON (Reuters) - U.S. labor costs increased at their slowest pace in a year in the fourth quarter as wage growth slowed, giving the Federal Reserve a boost in its fight against inflation.

Annual wage growth in the private sector dipped to 5.1% in the fourth quarter from 5.2% in the previous three-month period, according to the Labor Department’s employment cost index.

The hours data are erratic, and subject to large revisions, but the February data paint a very different picture on the state of labor demand than the jobs numbers. Annual Rate of Wage Growth Slows to ...

Those worries were further heightened by another report from the Labor Department on Thursday showing labor costs grew much faster ... resolve of Fed officials to slow economic demand down with ...

For a few weeks in late January and early February, the U.S. economy seemed to have reached a rare sweet spot. Inflation was ...

"The graying of the U.S. labor force will continue -- as will slow labor force growth," Altig said ... where labor comprises most of the costs of operations, Altig said. To meet the Fed objective ...

Americans have maintained spending despite worries about the future, thanks to a strong labor market. "Households are likely cautious given inflation is still elevated and borrowing costs are ...

The United States medical device contract development and manufacturing organization (CDMO) industry is expected to grow more than 13% in 2023, outperforming the medical device market’s 6.1% growth ...

CPI report shows annual inflation eased again but prices increased sharply on monthly basis. Core CPI gain slowed to 5.5% ...