Compensation costs for civilian workers in the US increased 0.7 percent in the first quarter of 2019, the same pace as in the previous three-month period and in line with market expectations. Wages and salaries, which make up about 70 percent of compensation costs, rose 0.7 percent (vs 0.6 percent in Q4) and benefit costs, which make up the remaining 30 percent of compensation, went up 0.7 percent (the same as in Q4). Year-on-year, employment costs grew 2.8 percent in the first quarter. Employment Cost Index in the United States averaged 0.80 percent from 1982 until 2019, 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 0.80 in 12 months time. In the long-term, the United States Employment Cost Index QoQ is projected to trend around 0.60 percent in 2020, according to our econometric models.

United States Employment Cost Index QoQ
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Calendar GMT Actual Previous Consensus TEForecast
2018-07-31 12:30 PM Employment Cost Index QoQ Q2 0.6% 0.8% 0.7% 0.7%
2018-10-31 12:30 PM Employment Cost Index QoQ Q3 0.8% 0.6% 0.7% 0.7%
2019-01-31 01:30 PM Employment Cost Index QoQ Q4 0.7% 0.8% 0.8% 0.6%
2019-04-30 12:30 PM Employment Cost Index QoQ Q1 0.7% 0.7% 0.7% 0.8%
2019-07-31 12:30 PM Employment Cost Index QoQ Q2 0.7% 0.2% 0.6%
2019-10-31 12:30 PM Employment Cost Index QoQ Q3 0.7%


United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.60 10.80 2.50 percent [+]
Non Farm Payrolls 224.00 72.00 1118.00 -1959.00 Thousand [+]
Nonfarm Payrolls Private 191.00 83.00 1092.00 -1766.00 Thousand [+]
Government Payrolls 33.00 -11.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 17.00 3.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 216.00 208.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1686.00 1728.00 6635.00 988.00 Thousand [+]
ADP Employment Change 102.00 41.00 360.00 -706.00 Thousand [+]
Employed Persons 157005.00 156758.00 157005.00 57635.00 Thousand [+]
Unemployed Persons 5975.00 5888.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.20 0.30 0.60 -0.20 percent [+]
Average Weekly Hours 34.40 34.40 34.60 33.70 Hours [+]
Labor Force Participation Rate 62.90 62.80 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.87 0.80 4.40 0.08 percent [+]
Youth Unemployment Rate 8.10 8.50 19.50 7.80 percent [+]
Labour Costs 108.71 109.16 109.61 17.00 Index Points [+]
Productivity 106.96 106.06 106.96 26.02 Index Points [+]
Job Vacancies 7230.00 7739.00 7884.00 2157.00 Thousand [+]
Job Offers 7323.00 7372.00 7626.00 2264.00 Thousand [+]
Challenger Job Cuts 41977.00 58577.00 248475.00 15100.00 Persons [+]
Wages 23.43 23.39 23.43 2.50 USD/Hour [+]
Wages in Manufacturing 22.03 22.04 22.04 1.27 USD/Hour [+]
Wage Growth 3.59 3.56 13.78 -5.88 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.70 0.70 1.60 0.20 percent [+]
Population 327.17 325.15 327.17 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 130148.00 129695.00 130159.00 64640.00 Thousand [+]
Part Time Employment 26807.00 26981.00 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 Low Skilled 1960.00 1760.00 2340.00 1760.00 USD/Month [+]
Wages High Skilled 4520.00 4330.00 4950.00 4330.00 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.70 1.60 0.20 1982 - 2019 percent Quarterly
SA




Country Last Previous
United States 0.70 Mar/19


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