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Labor Department Shows an Increase in Seasonal Wages

While in Houston compensation cost shows a rise in the October-November quarter for the U.S workers owing to the relatively higher than wages and salaries. According to the Labor department compensation shows a seasonally increase of 0.4% in the third half in comparison to the 0.5% increase in April-June quarter. The 70 percent compensation cost counts for wages and salaries, which had shown an increase of 0.3 whereas the cost of benefits went up 0.7 %. The economy still has gained some boost due to low inflation rate maintained by the Federal Reserve to overcome the Great recession. Even though there has been a modest increase of 1.9 percent in the compensation cost, wages still have not grown significantly and Houston awaits economic progression.

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