U.S. employment costs rise 0.6% in third quarter

• Prior 0.3%. Revised to 0.4%
• Spending 0.1% vs 0.2% exp m/m. Prior 0.4%
• Real spending 0.2% vs 0.2% exp m/m. Prior 0.4%
• Core PCE 1.3% vs 1.4% exp y/y. Prior 1.3%
• PCE deflator 0.2% vs 0.2% exp y/y. Prior 0.3%
• -0.1% vs -0.1% exp m/m. Prior 0.0%
• 0.1% vs 0.2% exp m/m. Prior 0.1%
• Q3 employment cost index 0.6% vs 0.6% exp. Prior 0.2%
• Q3 wages 0.6% vs 0.2% prior
• Q3 benefits 0.5% vs 0.1%prior

Still pretty flat income and spending data but some inflation from overall employment costs