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Economy

Economic Data (USA)

Wednesday, October 31, 2018

Employment Cost Index for Q3, 2018

The Employment Cost Index (ECI) for the third 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): +2.8%


The yellow-highlighter figure represents the seasonally adjusted, 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.

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  • Wages and Salaries: +0.9%

  • Change from 12 months previous (Y/Y): +2.9% 

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  • Benefits: +0.4%

  • Change from 12 months previous (Y/Y): +2.6% 

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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..."

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Employment Cost Index - Q3, 2018 Update
Employment Cost Index - Q3, 2018 Update

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  • The ECI report for the fourth quarter of 2018 is scheduled for release on January 31, 2019.


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