Posted: Apr 30, 2013 6:20 AM
WASHINGTON (AP) - Americans' wages increased at a faster rate from January through March than the previous quarter, a trend that helped boost economic growth. But their benefits barely grew.
The Labor Department says an index that measures wages and benefits rose 0.3 percent during the first quarter. That's down from a 0.4 percent gain in the October-December quarter and the smallest gain in a year.
Wages and salaries rose 0.5 percent, up from the 0.3 percent gain in the previous quarter. But benefits, which include health insurance and pension contributions, rose just 0.1 percent after a 0.6 percent rise in the fourth quarter.
Higher pay has helped consumers shake off an increase in Social Security taxes. Consumer spending rose in the first quarter at the fastest pace in more than two years.
Click here to submit a news tip to us!
Become a Facebook Fan!
Help those in need this holiday season
Win! Win! Win!
Wise Local Marketing!
Get news, weather and more on your smartphone and tablet!
Get texts for news, traffic, deals and more!
Sign up on KVOA.com for newsletters, exclusive deals, and more!
What's happening on News 4 @ 4
Stories and videos with Kristi's Kids
Check out the latest events FC Tucson has scheduled.
Let us help grow your business
Digital Channel 4.2
What's on KVOA and when!
Contact info for our department heads
KVOA's on air personalities!
Work at News 4 Tucson
Complete feeds of all KVOA.com stories
FCC Public File of Records, Reports, and More