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US employment costs cool, signalling further job-market weakness
short by / on Wednesday, 10 December, 2025
US employment costs rose 0.8% in the September quarter, down from 0.9% previously, according to the Employment Cost Index. Annual growth also slowed to 3.5% from 3.9%. The cooling comes as the job market weakens, with ADP data showing small businesses lost 1,20,000 workers in November. The report was delayed by the prolonged federal shutdown.
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