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. source: U.S. Bureau of Labor Statistics
Employment Cost Index in the United States averaged 0.82 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 April of 2021.
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 2022, according to our econometric models.