Employment Cost Index for Q2, 2019

The Employment Cost Index (ECI) for the second quarter of 2019 was released by The Labor Department's Bureau of Labor Statistics this morning:

Predicted: +0.7%
Actual: +0.6%

• Reading from previous quarter: +0.7%
   
• Change from 12 months previous (Y/Y): +2.7%

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: +0.7%
  
  
• Change from 12 months previous (Y/Y): +2.9% 

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• Benefits: +0.5%
  
  
• Change from 12 months previous (Y/Y): +2.3% 

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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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Chart: Employment Cost Index - Q2, 2019 Update

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• The ECI report for the third quarter of 2019 is scheduled for release on October 31, 2019.
  
  

• Click here to view the full Department of Labor report.
  
  
  
• Charts and Tables

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