ASSOCIATED PRESS: Hiring may be up, but paychecks are stagnating.
ASSOCIATED PRESS: Hiring may be up, but paychecks are stagnating.
The employment cost index rose just 0.2 percent in the April-June quarter after a 0.7 increase in the first quarter, the Labor Department said Friday. The index tracks wages, salaries and benefits. Wages and salaries alone also rose 0.2 percent.
Both measures recorded the smallest quarterly gains since the second quarter of 1982.
