Pierre Ellis Quotes
The third-quarter Employment Cost Index is ... reassuring in the sense that labor costs as measured on this index remain very contained, in contrast to some other labor cost indexes. 
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Quarter | Employment | Cost | Index | Reassuring |
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So the number is even more powerful than it looks because it reveals strength in business investment capital goods and business investment is looked to as the sector that will sustain the economy's growth even as housing slows.
- Pierre Ellis
