Investing.com - U.S. employment costs rose less-than-expected in the third quarter, 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 0.4% in the three months to September, below expectations for a 0.5% increase.
The employment cost index rose by 0.5% in the preceding quarter.
Following the release of the data, the U.S. dollar was lower against the euro, with EUR/USD inching up 0.05% to trade at 1.3513.
Meanwhile, U.S. stock index futures pointed to a steady open. The Dow Jones Industrial Average futures indicated a flat open, S&P 500 futures eased down 0.15%, while Nasdaq 100 futures indicated a loss of 0.1% at the open.
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 0.4% in the three months to September, below expectations for a 0.5% increase.
The employment cost index rose by 0.5% in the preceding quarter.
Following the release of the data, the U.S. dollar was lower against the euro, with EUR/USD inching up 0.05% to trade at 1.3513.
Meanwhile, U.S. stock index futures pointed to a steady open. The Dow Jones Industrial Average futures indicated a flat open, S&P 500 futures eased down 0.15%, while Nasdaq 100 futures indicated a loss of 0.1% at the open.