Compensation costs for civilian workers in the US increased 0.8 percent on quarter in the three months to March of 2020, the most in two years and accelerating from a 0.7 percent rise in the previous period. It compares to market expectations of a 0.6 percent gain. Wages and salaries rose 0.9 percent, above 0.7 percent in the fourth quarter of 2019; while benefit costs went up 0.4 percent, slower than 0.6 percent.
Employment Cost Index in the United States averaged 0.83 percent from 1982 until 2020, 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 May of 2020.
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 0.60 in 12 months time. In the long-term, the United States Employment Cost Index QoQ is projected to trend around 0.60 percent in 2021, according to our econometric models.