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 |
|---|---|---|---|
| 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% |
| Jan 31, 2023 | 1.0% | 1.1% | 1.2% |
| Oct 28, 2022 | 1.2% | 1.2% | 1.3% |
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- US Employment Cost Index q/q News
From bls.gov|Jul 31, 2024|2 commentsCompensation 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 commentEmployee 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, 2024We 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 ...
From bls.gov|Apr 30, 2024|9 commentsCompensation costs for civilian workers increased 1.2 percent, seasonally adjusted, for the 3-month period ending in March 2024, the U.S. Bureau of Labor Statistics reported today. Wages and salaries increased 1.1 percent and benefit costs increased 1.1 percent from December 2023. (See tables A, 1, 2, and 3.) Compensation costs for civilian workers increased 4.2 percent for the 12-month period ending in March 2024 and increased 4.8 percent in March 2023. Wages and salaries increased 4.4 percent for the 12-month period ending in March ...
From bnnbloomberg.ca|Jan 31, 2024A broad gauge of US labor costs cooled by more than forecast in a fresh sign of easing inflation pressures that give Federal Reserve officials room to cut interest rates this year. The employment cost index, which measures wages and benefits, increased 0.9% in the fourth quarter, the smallest advance since 2021, after rising 1.1% in the prior three-month period, according to Bureau of Labor Statistics figures released Wednesday. A separate report from the ADP Research Institute showed companies added a smaller-than-expected 107,000 ...
- From bls.gov|Jan 31, 2024
Compensation costs for civilian workers increased 0.9 percent, seasonally adjusted, for the 3-month period ending in December 2023, the U.S. Bureau of Labor Statistics reported today. Wages and salaries increased 0.9 percent and benefit costs increased 0.7 percent from September 2023. (See tables A, 1, 2, and 3.) Compensation costs for civilian workers increased 4.2 percent for the 12-month period ending in December 2023 and increased 5.1 percent in December 2022. Wages and salaries increased 4.3 percent for the 12-month period ...
From money.usnews.com|Oct 31, 2023U.S. labor costs increased solidly in the third quarter amid strong wage growth, the latest indication that the Federal Reserve could keep interest rates higher for some time. The Employment Cost Index, the broadest measure of labor costs, rose 1.1% last quarter after increasing 1.0% in the April-June period, the Labor Department said on Tuesday. Economists polled by Reuters had forecast the ECI rising 1.0%. Labor costs increased 4.3% on a year-on-year basis after advancing 4.5% in the second quarter. The report followed on the heels ...
- From bls.gov|Oct 31, 2023|3 comments
Compensation costs for civilian workers increased 1.1 percent, seasonally adjusted, for the 3-month period ending in September 2023, the U.S. Bureau of Labor Statistics reported today. Wages and salaries increased 1.2 percent and benefit costs increased 0.9 percent from June 2023. (See tables A, 1, 2, and 3.) Compensation costs for civilian workers increased 4.3 percent for the 12-month period ending in September 2023 and increased 5.0 percent in September 2022. Wages and salaries increased 4.6 percent for the 12-month period ending ...
| Released on Jul 31, 2024 |
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| Released on Apr 30, 2024 |
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| Released on Jan 31, 2024 |
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| Released on Oct 31, 2023 |
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