Compensation costs for civilian workers in the US increased 0.5 percent on quarter in the three months to June of 2020, easing from a 0.8 percent gain in the previous period. It was the smallest gain since Q2 2017 and compares to market expectations of a 0.6 percent growth. Wages and salaries rose 0.4 percent, below 0.9 percent in the first quarter; while benefit costs went up 0.8 percent, faster than 0.4 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 October of 2020.

Employment Cost Index in the United States is expected to be 0.70 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 0.80 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.

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United States Employment Cost Index QoQ

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.80 2.00 0.20 1982 - 2020 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-31 12:30 PM Q3 0.7% 0.6% 0.7% 0.6%
2020-01-31 01:30 PM Q4 0.7% 0.7% 0.7% 0.8%
2020-04-30 12:30 PM Q1 0.8% 0.7% 0.6% 0.1%
2020-07-31 12:30 PM Q2 0.5% 0.8% 0.6% 0.6%
2020-10-30 12:30 PM Q3 0.5% 0.5% 0.6%
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News Stream
US Employment Costs Rise the Least in 3 Years
Compensation costs for civilian workers in the US increased 0.5 percent on quarter in the three months to June of 2020, easing from a 0.8 percent gain in the previous period. It was the smallest gain since Q2 2017 and compares to market expectations of a 0.6 percent growth. Wages and salaries rose 0.4 percent, below 0.9 percent in the first quarter; while benefit costs went up 0.8 percent, faster than 0.4 percent.
2020-07-31
US Employment Costs Rise More than Expected
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.
2020-04-30
US Employment Costs Rise 0.7% in Q4
Compensation costs for civilian workers in the US increased 0.7 percent on quarter in the three months to December 2019, the same as in the previous period and in line with market expectations. Wages and salaries rose 0.7 percent, below a 0.9 percent gain in the third quarter; and benefit costs went up 0.5 percent, slower than 0.6 percent. Year-on-year, compensation costs for civilian workers increased 2.7 percent in the fourth quarter, easing from a 2.8 percent rise in the prior period.
2020-01-31
US Employment Costs Rise 0.7% in Q3
Compensation costs for civilian workers in the US increased 0.7 percent in the third quarter of 2019, more than a 0.6 percent rise in the previous period and in line with market expectations. Wages and salaries rose 0.9 percent, above a 0.7 percent gain in the second quarter, and benefit costs went up 0.6 percent, faster than 0.5 percent.
2019-10-31

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.