United States Employment Cost Index QoQ

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.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-07-31	12:30 PM	Employment Cost Index QoQ	0.6%	0.8%	0.7%	0.7%
2018-10-31	12:30 PM	Employment Cost Index QoQ	0.8%	0.6%	0.7%	0.7%
2019-01-31	01:30 PM	Employment Cost Index QoQ	0.7%	0.8%	0.8%	0.6%
2019-04-30	12:30 PM	Employment Cost Index QoQ	0.7%	0.7%	0.7%	0.8%
2019-07-31	12:30 PM	Employment Cost Index QoQ		0.7%		0.6%
2019-10-31	12:30 PM	Employment Cost Index QoQ				0.7%

United States Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	3.60	3.80	10.80	2.50	percent	[+]
Non Farm Payrolls	263.00	189.00	1118.00	-1959.00	Thousand	[+]
Nonfarm Payrolls Private	236.00	179.00	1092.00	-811.00	Thousand	[+]
Government Payrolls	27.00	10.00	427.00	-260.00	Thousand	[+]
Manufacturing Payrolls	4.00	0.00	572.00	-519.00	Thousand	[+]
Initial Jobless Claims	211.00	212.00	695.00	162.00	Thousand	[+]
Continuing Jobless Claims	1676.00	1664.00	6635.00	988.00	Thousand	[+]
ADP Employment Change	275.00	151.00	360.00	-706.00	Thousand	[+]
Employed Persons	156645.00	156748.00	156949.00	57635.00	Thousand	[+]
Unemployed Persons	5824.00	6211.00	15352.00	1596.00	Thousand	[+]
Average Hourly Earnings	0.20	0.20	0.60	-0.20	percent	[+]
Average Weekly Hours	34.40	34.50	34.60	33.70	Hours	[+]
Labor Force Participation Rate	62.80	63.00	67.30	58.10	percent	[+]
Long Term Unemployment Rate	0.80	0.78	4.40	0.08	percent	[+]
Youth Unemployment Rate	8.30	8.80	19.50	7.80	percent	[+]
Labour Costs	109.69	109.94	109.94	17.00	Index Points	[+]
Productivity	106.99	106.06	106.99	26.02	Index Points	[+]
Job Vacancies	7343.00	6708.00	7484.00	2132.00	Thousand	[+]
Job Offers	7488.00	7142.00	7626.00	2264.00	Thousand	[+]
Challenger Job Cuts	40023.00	60587.00	248475.00	15100.00	Persons	[+]
Wages	23.31	23.24	23.31	2.50	USD/Hour	[+]
Wage Growth	4.19	4.22	13.78	-5.88	percent	[+]
Wages in Manufacturing	22.04	21.96	22.04	1.27	USD/Hour	[+]
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	325.72	323.41	325.72	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	129778.00	129969.00	130159.00	64640.00	Thousand	[+]
Part Time Employment	26915.00	26938.00	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 High Skilled	4520.00	4330.00	4950.00	4330.00	USD/Month	[+]
Wages Low Skilled	1960.00	1760.00	2340.00	1760.00	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 May of 2019.