- Employment Cost Index in US rose less than expected in Q2.
- US Dollar Index continues to fluctuate below 92.00.
Compensation costs for civilian workers, the Employment Cost Index, increased 0.7% in the second quarter, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading came in lower than the market expectation of 0.9%.
“Compensation costs for civilian workers increased 2.9% for the 12-month period ending in June 2021 and increased 2.7% in June 2020,” the publication further read. “Wages and salaries increased 3.2% for the 12-month period ending in June 2021.”
This report doesn’t seem to be having a noticeable impact on the USD’s performance against its major rivals. As of writing, the US Dollar Index was posting small daily gains at 91.93.