United States Employment Cost Index QoQ

Compensation costs for civilian workers increased 0.8 percent in the third quarter of 2018, following a 0.6 percent rise in the previous period and slightly above market expectations of 0.7 percent. Wages and salaries, which make up about 70 percent of compensation costs, went up 0.9 percent (vs 0.5 percent in Q2) and benefits, which make up the remaining 30 percent of compensation, rose 0.4 percent (vs 0.9 percent in Q2). Year-on-year, compensation costs for civilian workers increased 2.8 percent in the three months to September, matching the previous period's pace and the biggest annual gain since the third quarter of 2008. Employment Cost Index in the United States averaged 0.80 percent from 1982 until 2018, reaching an all time high of 1.60 percent in the third quarter of 1982 and a record low of 0.20 percent in the second quarter of 2015.

Employment Cost Index in the United States is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Cost Index in the United States to stand at 0.70 in 12 months time. In the long-term, the United States Employment Cost Index QoQ is projected to trend around 0.60 percent in 2020, according to our econometric models.

1Y 5Y 10Y MAX

width

height

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

Learn More Questions? Contact us Already a Member? Login

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us

Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-01-31	01:30 PM	Employment Cost Index QoQ	0.6%	0.7%	0.6%	0.70%
2018-04-27	12:30 PM	Employment Cost Index QoQ	0.8%	0.6%	0.7%	0.7%
2018-07-31	12:30 PM	Employment Cost Index QoQ	0.6%	0.8%	0.7%	0.7%
2018-10-31	12:30 PM	Employment Cost Index QoQ	0.8%	0.6%	0.7%	0.7%
2019-01-31	01:30 PM	Employment Cost Index QoQ		0.8%	0.8%	0.6%
2019-04-30	12:30 PM	Employment Cost Index QoQ				0.8%
2019-07-31	12:30 PM	Employment Cost Index QoQ				0.6%

United States Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	3.90	3.70	10.80	2.50	percent	[+]
Non Farm Payrolls	312.00	176.00	1115.00	-1967.00	Thousand	[+]
Nonfarm Payrolls Private	301.00	173.00	1089.00	-821.00	Thousand	[+]
Government Payrolls	11.00	3.00	427.00	-260.00	Thousand	[+]
Manufacturing Payrolls	32.00	27.00	572.00	-519.00	Thousand	[+]
Initial Jobless Claims	213.00	216.00	695.00	162.00	Thousand	[+]
Continuing Jobless Claims	1737.00	1719.00	6635.00	988.00	Thousand	[+]
ADP Employment Change	271.00	157.00	384.00	-836.00	Thousand	[+]
Employed Persons	156945.00	156803.00	156945.00	57635.00	Thousand	[+]
Unemployed Persons	6294.00	6018.00	15352.00	1596.00	Thousand	[+]
Average Hourly Earnings	0.40	0.20	0.60	-0.20	percent	[+]
Average Weekly Hours	34.50	34.40	34.60	33.70	Hours	[+]
Labor Force Participation Rate	63.10	62.90	67.30	58.10	percent	[+]
Long Term Unemployment Rate	0.80	0.77	4.40	0.08	percent	[+]
Youth Unemployment Rate	8.70	8.10	19.50	7.80	percent	[+]
Labour Costs	109.05	108.81	109.60	17.00	Index Points	[+]
Productivity	105.69	105.10	105.69	26.03	Index Points	[+]
Job Vacancies	6540.00	7320.00	7320.00	2132.00	Thousand	[+]
Job Offers	6888.00	7131.00	7293.00	2196.00	Thousand	[+]
Challenger Job Cuts	43884.00	53073.00	248475.00	15100.00	Persons	[+]
Wages	23.05	22.96	23.05	2.50	USD/Hour	[+]
Wage Growth	4.20	4.49	13.78	-5.88	percent	[+]
Wages in Manufacturing	21.91	21.80	21.91	1.27	USD/Hour	[+]
Minimum Wages	7.25	7.25	7.25	0.25	USD/Hour	[+]
Employment Cost Index	0.80	0.60	1.60	0.20	percent	[+]
Population	325.72	323.41	325.72	76.09	Million	[+]
Retirement Age Women	66.00	66.00	66.00	66.00		[+]
Retirement Age Men	66.00	66.00	66.00	66.00		[+]
Employment Rate	60.60	60.60	64.70	55.00	percent	[+]
Full Time Employment	129913.00	129755.00	129913.00	64640.00	Thousand	[+]
Part Time Employment	26994.00	27039.00	28134.00	10086.00	Thousand	[+]
Living Wage Family	2380.00	2270.00	2380.00	2160.00	USD/Month	[+]
Living Wage Individual	1660.00	1560.00	1660.00	1450.00	USD/Month	[+]
Wages High Skilled	4520.00	4330.00	4950.00	4330.00	USD/Month	[+]
Wages Low Skilled	1960.00	1760.00	2340.00	1760.00	USD/Month	[+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on January of 2019.