The Employment Cost Index showed the lowest increase in workers' pay since 1982, spurring general disappointment. As the market remains strongly sensitive to the labor market and worries related to wages, such indices are still monitored due to possible tightening steps in September. Wages, making up approximately 70% of this index, rose 2.1% over the year in June, lower than the post-recession high of 2.6% at the beginning of the year. The gain in wages and benefits during the second quarter was the weakest since 1981, growing only 0.1%.
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