Economic Report: Coming up: U.S. third quarter employment costs reading

Check back for a report after the data is released.

The cost of employing the average U.S. worker likely rose by 0.9% last quarter, after rising by 0.7% in the second quarter, according to economists polled by The Wall Street Journal.

The report comes as average pay rose last month by 19 cents to $30.85 an hour, pushing the increase over the past year to 4.6%. Before the pandemic wages were increasing around 3% a year.

The Labor Department will release the Employment Cost Index report at 8:30 a.m. Eastern.

This post was originally published on Market Watch

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