(Bloomberg) -- U.S. employment costs climbed less than forecast in the fourth quarter, reflecting steady wage growth and the smallest advance in benefits in more than a year.
The 0.5 percent advance in the employment cost index followed a 0.6 percent gain in the previous three months, a Labor Department report showed Tuesday. Wages and salaries increased 0.5 percent for a second straight quarter, while benefits costs eased to 0.4 percent, the slowest pace since the second quarter of 2015.
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