Employment costs in U.S. match fastest 12-month gain since 2008

THE EMPLOYMENT COST Index rose 0.6 percent in the fourth quarter. / BLOOMBERG FILE PHOTO/LUKE SHARRETT
NEW YORK - Total United States employee compensation rose in the fourth quarter and matched the biggest 12-month gain since 2008, as private-sector pay picked up, Labor Department figures showed Wednesday. Highlights of employment costs (Fourth quarter) Index rose 0.6 percent quarter over quarter (matching est.) after 0.7 percent gain in prior three months Wages…

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