Compensation costs for civilian workers in the US increased 0.7 percent on quarter in the three months to June 2021, easing from a 0.9 percent rise in the previous period and below market expectations of a 0.9 percent gain. Wages and salaries increased 0.9 percent (vs 1 percent in Q1) and benefit cost went up 0.4 percent (vs 0.6 percent). source: U.S. Bureau of Labor Statistics

Employment Cost Index in the United States averaged 0.82 percent from 1982 until 2021, reaching an all time high of 2 percent in the third quarter of 1982 and a record low of 0.20 percent in the second quarter of 2015. This page provides - United States Employment Cost Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Employment Cost Index QoQ - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Employment Cost Index in the United States is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Employment Cost Index QoQ is projected to trend around 0.60 percent in 2022, according to our econometric models.

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United States Employment Cost Index QoQ

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.90 2.00 0.20 1982 - 2021 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-30 12:30 PM Q3 0.5% 0.5% 0.5% 0.6%
2021-01-29 01:30 PM Q4 0.7% 0.5% 0.5% 0.6%
2021-04-30 12:30 PM Q1 0.9% 0.7% 0.7% 0.7%
2021-07-30 12:30 PM Q2 0.7% 0.9% 0.9% 1.1%
2021-10-29 12:30 PM Q3 0.7%


News Stream
US Employment Costs Rise Less than Expected
Compensation costs for civilian workers in the US increased 0.7 percent on quarter in the three months to June 2021, easing from a 0.9 percent rise in the previous period and below market expectations of a 0.9 percent gain. Wages and salaries increased 0.9 percent (vs 1 percent in Q1) and benefit cost went up 0.4 percent (vs 0.6 percent).
2021-07-30
US Employment Costs Rise More than Expected
Compensation costs for civilian workers in the US rose 0.9 percent on quarter in the three months to March 2021, accelerating from a 0.7 percent gain in the previous period and above market expectations of a 0.7 percent gain. Wages and salaries increased 1.0 percent and benefit costs went up 0.6 percent from December 2020.
2021-04-30
US Employment Costs Rise More than Expected
Compensation costs for civilian workers in the US rose 0.7 percent on quarter in the three months to December 2020, accelerating from a 0.5 percent gain in the previous period and above market expectations of a 0.5 percent increase. Wages and salaries climbed 0.9 percent, following a 0.4 percent rise in Q3; and benefit costs went up 0.7 percent, after a 0.5 percent increase.
2021-01-29
US Employment Costs Rise 0.5% in Q3
Compensation costs for civilian workers in the US increased 0.5 percent on quarter in the three months to September 2020, the same as in the previous period and in line with market expectations. It remained the smallest gain since Q2 2017, as wages and salaries rose 0.4 percent, the same as in Q2; and benefit costs went up 0.6 percent, easing from a 0.8 percent.
2020-10-30

United States Employment Cost Index QoQ
Employment Cost Index measures the growth of employee compensation (wages and benefits). The ECI is based on a survey of employer payrolls in the final month of each quarter. The index tracks movement in the cost of labor, including wages, fringe benefits and bonuses for employees at all levels of a company.