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.