Investing.com - U.S. employment costs rose less-than-expected in the first quarter of 2013, official data showed on Tuesday.
In a report, the U.S. Bureau of Labor Statistics said employment costs, or the change in the price businesses and the government pay for civilian labor, rose by a seasonally adjusted 0.3% in the first three months of 2013, below expectations for a 0.5% increase.
The employment cost index rose by a downwardly revised 0.4% in the preceding quarter.
Following the release of the data, the U.S. dollar remained higher against the euro, with EUR/USD shedding 0.22% to trade at 1.3071.
Meanwhile, U.S. stock index futures were lower. The Dow Jones Industrial Average futures pointed to a loss of 0.1% at the open, S&P 500 futures indicated a drop of 0.15%, while the Nasdaq 100 futures signaled a loss of 0.1%.
In a report, the U.S. Bureau of Labor Statistics said employment costs, or the change in the price businesses and the government pay for civilian labor, rose by a seasonally adjusted 0.3% in the first three months of 2013, below expectations for a 0.5% increase.
The employment cost index rose by a downwardly revised 0.4% in the preceding quarter.
Following the release of the data, the U.S. dollar remained higher against the euro, with EUR/USD shedding 0.22% to trade at 1.3071.
Meanwhile, U.S. stock index futures were lower. The Dow Jones Industrial Average futures pointed to a loss of 0.1% at the open, S&P 500 futures indicated a drop of 0.15%, while the Nasdaq 100 futures signaled a loss of 0.1%.