The Labor Department releases its employment-cost index for the fourth quarter, which captures employers’ labor costs by measuring wages and benefits paid to workers. Wage gains have been historically strong, fueling but not keeping pace with inflation.
The European Union’s statistics agency releases fourth-quarter gross domestic product for the 19-nation eurozone. The combination of a mild winter, energy-conservation efforts and moves by governments to find new natural-gas suppliers—not to mention hundreds of billions of euros in fiscal support—appear to have propped up the eurozone economy.
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