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

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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…

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