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Economic Data (USA)

Friday, April 27, 2018

Employment Cost Index for Q1, 2018

The Employment Cost Index (ECI) for the first quarter of 2018 was released by The Labor Department's Bureau of Labor Statistics this morning:

Predicted: +0.7%
Actual: +0.8%


  • Reading from previous quarter: +0.6%
  • Change from 12 months previous (Y/Y): +2.7%


The yellow-highlighter figure represents the quarter-to-quarter change for the ECI, which is the Labor Department's broadest measure of employee-compensation costs, and includes wages, salaries and benefits.


  • Wages and Salaries: +0.9%

  • Benefits: +0.7%

From the Labor Department website:

"...The Employment Cost Index (ECI) measures the change in the cost of labor, free from the influence of employment shifts among occupations and industries..."


  • The ECI report for the second quarter of 2018 will be released on July 31, 2018.

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