US Employment Cost Index q/q
It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer;
- US Employment Cost Index q/q Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jan 31, 2025 | 0.9% | 0.9% | 0.8% |
Oct 31, 2024 | 0.8% | 0.9% | 0.9% |
Jul 31, 2024 | 0.9% | 1.0% | 1.2% |
Apr 30, 2024 | 1.2% | 1.0% | 0.9% |
Jan 31, 2024 | 0.9% | 1.0% | 1.1% |
Oct 31, 2023 | 1.1% | 1.0% | 1.0% |
Jul 28, 2023 | 1.0% | 1.1% | 1.2% |
Apr 28, 2023 | 1.2% | 1.1% | 1.0% |
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- US Employment Cost Index q/q News
- From think.ing.com|Jan 31, 2025|2 comments
Today’s US data suggests that inflation remains on the path towards 2%, but with huge uncertainty over regulatory, tariff, fiscal and immigration policy the central bank can’t leave anything to chance and will be keeping monetary policy unchanged until June, we believe. The Federal Reserve's favoured inflation measure – the core personal consumer expenditure price deflator – rose 0.2%MoM/2.8%YoY in December as consensus predicted, but the good news is that to 3 decimal places it is 0.159% so below the 0.17% month-on-month we need to ...
- From bls.gov|Jan 31, 2025
Compensation costs for civilian workers increased 0.9 percent, seasonally adjusted, for the 3-month period ending in December 2024, the U.S. Bureau of Labor Statistics reported today. Wages and salaries increased 0.9 percent and benefit costs increased 0.8 percent from September 2024. (See tables A, 1, 2, and 3.) Compensation costs for civilian workers increased 3.8 percent for the 12-month period ending in December 2024 and increased 4.2 percent in December 2023. Wages and salaries increased 3.8 percent for the 12-month period ...
- From zerohedge.com|Oct 31, 2024
The market drifted lower on a combination of 1) disappointing tech prints (MSFT -6% & META -4%), 2) Poor liquidity (according to Goldman Sachs trading desk), and 3) Core PCE posting its biggest monthly gain since April. Not exactly 'goldilocks'!! Inflation surprises are picking up post rate-cut... chart ...bolstering the case for a slower pace of rate cuts... charts Goldman's trading desk noted that market volumes continue to be strong, +14% vs the 20dma, although S&P top of book poor compared to the start of the week. We are ...
- From think.ing.com|Oct 31, 2024
Today's US data flow is pretty good showing that activity/jobs remain in decent shape and inflation pressures are subsiding. Initial jobless claims dropped to 216k from 228k the week before while continuing claims dropped to 1862k from 1888k, although remain in an upward trend channel. Hurricane impacts are continuing to influence the numbers, but in general the story remains that very few people are being laid off (good news), but elevated continuing claims suggest that if you are one of the unfortunate few to lose your job it is ...
- From bls.gov|Oct 31, 2024
Compensation costs for civilian workers increased 0.8 percent, seasonally adjusted, for the 3-month period ending in September 2024, the U.S. Bureau of Labor Statistics reported today. Wages and salaries increased 0.8 percent and benefit costs increased 0.8 percent from June 2024. (See tables A, 1, 2, and 3.) Compensation costs for civilian workers increased 3.9 percent for the 12-month period ending in September 2024 and increased 4.3 percent in September 2023. Wages and salaries increased 3.9 percent for the 12-month period ending ...
- From bls.gov|Jul 31, 2024|2 comments
Compensation costs for civilian workers increased 0.9 percent, seasonally adjusted, for the 3-month period ending in June 2024, the U.S. Bureau of Labor Statistics reported today. Wages and salaries increased 0.9 percent and benefit costs increased 1.0 percent from March 2024. (See tables A, 1, 2, and 3.) Compensation costs for civilian workers increased 4.1 percent for the 12-month period ending in June 2024 and increased 4.5 percent in June 2023. Wages and salaries increased 4.2 percent for the 12-month period ending in June 2024 and increased 4.6 percent for the 12-month period ending in June 2023. Benefit costs increased 3.8 percent over the year and increased 4.2 percent for the 12-month period ending in June 2023. (See tables A, 4, 8, and 12.) Compensation costs for private industry workers increased 3.9 percent over the year. In June 2023, the increase was 4.5 percent. Wages and salaries increased 4.1 percent for the 12-month period ending in June 2024 and increased 4.6 percent in June 2023. The cost of benefits increased 3.5 percent for the 12-month period ending in June 2024 and increas post: A cool ECI: The employment cost index is seen inside the Fed as the highest-quality measure of compensation growth Wages and salaries for private-sector workers ex-incentive paid occupations was +1.0% in Q2 The Y/Y rate fell to 4.1% (vs 4.2% in Q1 and 4.8% last year) pic.twitter.com/H6SLJQRNlj post: Total compensation growth for all private sector workers was the mildest in three years during the second quarter, lowering the year-over-year change to 3.9% pic.twitter.com/fMaxxiUoJH
- From cnbc.com|Apr 30, 2024|1 comment
Employee compensation costs jumped more than expected to start the year, providing another danger sign about persistent inflation, while consumer confidence hit its lowest level in nearly two years. The employment cost index, which measures worker salaries and benefits, gained 1.2% in the first quarter, the Labor Department reported Tuesday. That was higher than 0.9% in the fourth quarter of 2023 and above the Dow Jones consensus estimate for a 1% increase. In the larger picture, the rise added to concerns that a string of 11 Fed ...
- From think.ing.com|Apr 30, 2024
We have seen a big jump in the US 1Q employment cost index of 1.2% quarter-on-quarter versus 0.9% in 4Q23, well above the 1% expected and above every single individual forecast in the Bloomberg survey. Not a good look as this is the Federal Reserve's favoured measure of labour costs, and given labour costs are the biggest cost input in a service sector-led economy, such as the US, it can help to keep price pressures elevated. This reinforces the prospect of hawkish messaging from the Fed tomorrow. The details show the strength was ...
Released on Jan 31, 2025 |
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Released on Oct 31, 2024 |
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Released on Jul 31, 2024 |
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Released on Apr 30, 2024 |
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