U.S. Employment Costs Rise Slightly in July at 0.3 Percent
On August 1, 2025, the Bureau of Labor Statistics released its Employment Cost Index (ECI) report, showing that labor costs rose 0.3% in July. This matched market forecasts of 0.3% and edged slightly above the previous month’s 0.2%.
Rising U.S. Wages: Will the Dollar Dominate in Forex This September?
The U.S. job market is back in the spotlight—this time with a focus on wages, not just jobs. The Bureau of Labor Statistics (BLS) is about to release its latest report on labor costs, officially called the Employment Cost Index (ECI). This number tracks how much businesses are paying their workers, and for Forex traders, it’s a powerful clue about inflation, interest rates, and the strength of the U.S. Dollar (USD).