Restaurant And Hotel Labor Costs Held Steady In 3Q-24, Real Wage Gains Increase For All Workers

The Bureau of Labor Statistics released its quarterly “Employment Cost Index” Oct. 31. The data shows salaries and wages for workers in accommodations and foods services rose 3.6% year-over-year 3Q-24, equal with 2Q-24 and a distinct cooling from 3Q-23, when wages and salaries in the sector increased 4.4%. Wages and salaries for all private-sector wages…