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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 employment cost index, another measure of wage pressure which is available only up to the end of September, shows annual growth of 3.7% in the year to the third quarter in the fully employed mid-west, up from 2.8% a year earlier.
ECONOMIST: The labour market
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But the Employment Cost Index shows that the average value of health benefits rose 18 percent from 1998 to 2008, adjusting for inflation.
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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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The Pentagon has calculated that the Labor Department's 2014 Employment Cost Index is expected to be above 1%, but wants to still reduce pay because of "budget uncertainties, " a government official told CNN.
CNN: Military pay in play in game of political poker