Compensation costs for civilian workers in the US increased 1.2 percent on quarter in the three months to September 2022, following a 1.3 percent rise in the previous period and mostly in line with market expectations. Wages and salaries rose 1.3 percent, while benefit costs increased 1.0 percent from June 2022. Year-on-year, compensation costs for civilian workers grew by 5.0 percent in the third quarter, the same as in the previous period. source: U.S. Bureau of Labor Statistics
Employment Cost Index in the United States averaged 0.84 percent from 1982 until 2022, reaching an all time high of 2.00 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 November of 2022.
Employment Cost Index in the United States is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Employment Cost Index QoQ is projected to trend around 0.60 percent in 2023, according to our econometric models.