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Labor Costs Jump Most in 13 Years as Inflationary Pressures Build



Wages and benefits of U.S. workers jumped in the first quarter of the year by the most in 13 years, data released by the Department of Labor showed Friday.

Total compensation for U.S. workers rose 0.9 percent in the January-March quarter. That is an acceleration of wage gains from the final three months of 2020, when wages rose 0.7 percent.

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