Rise in Unit Labor Costs Revised Downward, Reducing Inflation Fears
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The revised report helped to ease concerns that inflation has been running too high, but it also showed that workers earned far less than first estimated.
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U.S. consumer prices rose more than  expected in January despite a dip in energy prices, as medical  costs jumped, according to a Labor Department report on  Wednesday that revived worries of inflation.
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A big jump in energy costs sharply pushed up prices that U.S. manufacturers and wholesalers paid for goods last month, but outside of energy the inflation picture looked tame.
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The Federal Reserve's favored gauge of   U.S. inflation rose less than expected in July, while a measure   of Midwest business activity showed slower growth in August,   according to reports on Thursday that suggested the U.S.   central bank does not need to raise interest rates soon.
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U.S. worker productivity grew at a slower pace than initially estimated during the first three months of this year as the economy just inched ahead, driving up labor costs and backing Federal Reserve sentiments that inflation is indeed a concern.
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Inflation's not the cruel tax it's often made out to be.
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US consumer prices rose modestly in November as energy costs that had shot up a month earlier and fanned inflation fears posted only a small gain last month, the Labor Department said on Friday.
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U.S. consumer prices rose a mild 0.2  percent last month, but a sharp jump in lodging costs pushed  core inflation unexpectedly ahead at its quickest pace in five  months, a government report showed on Tuesday.
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WASHINGTON - US producer prices, a measure of inflation at the wholesale level, rose by a faster-than-expected 0.5% in November, seasonally adjusted Labor Department data showed.
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WASHINGTON -- Worker productivity rebounded, growing at the fastest pace in nearly two years, while wage pressures eased sharply in the spring _ developments that should reduce inflation worries.
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The past few years have seen companies doing everything they can to reduce costs. From outsourcing and offshoring to RIFs (reductions in force), the byword has been, âCut expenses.â But if most of the economists are right, 2005 will be a much better year, and companies will go back to concentrating on increasing revenue.
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Overall U.S. consumer prices and   costs excluding food and energy both rose 0.2 percent in   August, right in line with market expectations, according to a   Labor Department report on Friday that may help reassure the   Federal Reserve that inflation pressures are continuing to   ease.
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U.S. consumer prices rose modestly  in November as a surge in energy costs a month earlier  moderated, the Labor Department said on Friday.
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Consumer prices rose faster than most workers' wages last year, as surging energy prices pushed inflation to the highest level in four years, the Labor Department said yesterday.
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The U.S. Federal Reserve believed  interest rates were too low to forestall inflation even after  it raised borrowing costs in December, according to minutes of  that meeting released on Tuesday.
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(Washington-AP) Nov. 17, 2004 - The Labor Department&#39;s Consumer Price Index shows a larger-than-expected gain, but combined with Thursday&#39;s reading on wholesale inflation, analysts say the picture is one where
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Growth in the U.S. services sector accelerated unexpectedly in November and third-quarter labor costs grew more slowly than forecast, suggesting the economy may be weathering a manufacturing slowdown with wage-driven inflation coming under control.