Compensation costs for civilian workers in the US increased 0.7 percent on quarter in the three months to June 2021, easing from a 0.9 percent rise in the previous period and below market expectations of a 0.9 percent gain. Wages and salaries increased 0.9 percent (vs 1 percent in Q1) and benefit cost went up 0.4 percent (vs 0.6 percent). source: U.S. Bureau of Labor Statistics

Employment Cost Index in the United States averaged 0.82 percent from 1982 until 2021, 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 2021.

Employment Cost Index in the United States is expected to be 0.80 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 2022, according to our econometric models.

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United States Employment Cost Index QoQ


Calendar GMT Actual Previous Consensus TEForecast
2021-04-30 12:30 PM Q1 0.9% 0.7% 0.7% 0.7%
2021-07-30 12:30 PM Q2 0.7% 0.9% 0.9% 1.1%
2021-10-29 12:30 PM Q3 0.7% 0.9% 0.9%


News Stream
US Employment Costs Rise Less than Expected
Compensation costs for civilian workers in the US increased 0.7 percent on quarter in the three months to June 2021, easing from a 0.9 percent rise in the previous period and below market expectations of a 0.9 percent gain. Wages and salaries increased 0.9 percent (vs 1 percent in Q1) and benefit cost went up 0.4 percent (vs 0.6 percent).
2021-07-30
US Employment Costs Rise More than Expected
Compensation costs for civilian workers in the US rose 0.9 percent on quarter in the three months to March 2021, accelerating from a 0.7 percent gain in the previous period and above market expectations of a 0.7 percent gain. Wages and salaries increased 1.0 percent and benefit costs went up 0.6 percent from December 2020.
2021-04-30
US Employment Costs Rise More than Expected
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.
2021-01-29

United States Last Unit Reference Previous Highest Lowest
Unemployment Rate 4.80 percent Sep/21 5.20 14.80 2.50
Non Farm Payrolls 194.00 Thousand Sep/21 366.00 4846.00 -20679.00
Nonfarm Payrolls Private 317.00 Thousand Sep/21 332.00 4807.00 -19731.00
Government Payrolls -123.00 Thousand Sep/21 34.00 517.00 -948.00
Manufacturing Payrolls 26.00 Thousand Sep/21 31.00 655.00 -1715.00
Unemployed Persons 7674.00 Thousand Sep/21 8384.00 23109.00 1596.00
Employed Persons 153680.00 Thousand Sep/21 153154.00 158735.00 57172.00
Average Hourly Earnings 0.60 percent Sep/21 0.40 4.60 -1.30
Average Weekly Hours 34.80 Hours Sep/21 34.60 35.00 33.70
Labor Force Participation Rate 61.60 percent Sep/21 61.70 67.30 58.10
Long Term Unemployment Rate 1.66 percent Sep/21 1.97 4.40 0.08
Youth Unemployment Rate 9.00 percent Sep/21 9.90 27.40 4.80
Labour Costs 118.60 points Jun/21 118.23 119.07 17.01
Productivity 112.70 points Jun/21 112.10 112.70 25.97
Job Vacancies 10679.00 Thousand Aug/21 11901.00 11901.00 2157.00
Job Offers 10439.00 Thousand Aug/21 11098.00 11098.00 2232.00
Wages 26.15 USD/Hour Sep/21 26.01 26.15 2.50
Wages in Manufacturing 24.24 USD/Hour Sep/21 23.96 24.24 1.27
Employment Cost Index 0.70 percent Jun/21 0.90 2.00 0.20
Employment Rate 58.70 percent Sep/21 58.50 64.70 51.30
Part Time Employment 25747.00 Thousand Sep/21 25783.00 28134.00 10086.00
Full Time Employment 128027.00 Thousand Sep/21 127436.00 131755.00 64640.00


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.