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After closely tracking the Employment Cost Index for a quarter-century, compensation levels in the All Volunteer Force exploded over the last ten years.
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Secretary of Defense Leon Panetta will also ask Congress to limit next year's military pay increase to just 1%, even though the Labor Department's expected Employment Cost index for 2014 is higher.
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U.S. economic data due for release Friday includes the employment cost index, personal income and outlays and the University of Michigan consumer survey.
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Participation in a drug class, even one in prison, could affect things in ones personal life post prison, like child custody, ability to get employment in certain professions, higher cost or eligibility for life or health insurance.
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If we could miraculously and immediately get back to full employment at no net budgetary cost via spending that pays for itself that would mean, at most, 5 percent more GDP for 4 years relative to what the CBO projects will arise.
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U.S. economic data due for release Friday includes the advance GDP estimate, the employment cost index and the University of Michigan consumer sentiment survey.
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The result is that QE3 raises the cost of living for ordinary people, even while IOR holds down NGDP, and therefore employment and wages.
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U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, the employment cost index, and the ISM Chicago business survey.
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The cost rises would be minimal, and the sectors most threatened ones that are magnets for illegal employment arrangements between undocumented workers and low-paying owners impose external costs on society that outweigh their benefits to begin with.
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U.S. economic data due for release Thursday includes the weekly jobless claims report, the Challenger job cuts report, the employment cost index, personal income and outlays, and the ISM Chicago business survey.
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