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Worker Pay in U.S. Rose at a Slower Pace in Fourth Quarter

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Wages and salaries in the U.S. rose at a slower pace in the fourth quarter, indicating workers have limited success bargaining for pay increases even as the labor market improves.

The 0.5 percent increase in worker pay followed a 0.8 percent advance in the third quarter, the Labor Department said Friday. The agency’s employment cost index, which also includes benefits, climbed 0.6 percent in the fourth quarter from the previous three months.