Employer Costs Surprisingly Moved Higher 3Q-23, But Not At Restaurants And Bars

The BLS released its 3Q-23 “Employment Cost Index” Oct. 31. It showed year-over-year employment costs for all wages and benefits for civilian workers rose slightly on an annualized basis during the quarter, compared to 2Q-23, though the year-over-year increase continued to moderate. Total compensation costs for all private industry workers increased 4.3% 3Q-23 on an…