The Week Ahead

EMPLOYMENT COSTS Tuesday, July 28, 8:30 a.m.

Employment costs for civilian workers probably rose by about 0.8% in the second quarter, say economists polled by MMS International, a division of McGraw-Hill Inc. In the first quarter, compensation was up by 0.9%. The expected mild increase would place second-quarter labor costs just 3.4% above their pace of a year earlier. As in the past, increases in benefits last quarter continued to outpace the gains in wages.

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