Compensation costs for civilian workers increased 0.8 percent in the third quarter of 2018, following a 0.6 percent rise in the previous period and slightly above market expectations of 0.7 percent. Wages and salaries, which make up about 70 percent of compensation costs, went up 0.9 percent (vs 0.5 percent in Q2) and benefits, which make up the remaining 30 percent of compensation, rose 0.4 percent (vs 0.9 percent in Q2). Year-on-year, compensation costs for civilian workers increased 2.8 percent in the three months to September, matching the previous period's pace and the biggest annual gain since the third quarter of 2008. Employment Cost Index in the United States averaged 0.80 percent from 1982 until 2018, 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 0.70 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
2018-01-31 01:30 PM Employment Cost Index QoQ 0.6% 0.7% 0.6% 0.70%
2018-04-27 12:30 PM Employment Cost Index QoQ 0.8% 0.6% 0.7% 0.7%
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 0.8% 0.60%
2019-04-30 12:30 PM Employment Cost Index QoQ 0.80%
2019-07-31 12:30 PM Employment Cost Index QoQ 0.60%


United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.70 10.80 2.50 percent [+]
Non Farm Payrolls 155.00 237.00 1115.00 -834.00 Thousand [+]
Nonfarm Payrolls Private 161.00 251.00 1089.00 -821.00 Thousand [+]
Government Payrolls -6.00 -14.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 27.00 26.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 206.00 233.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1661.00 1636.00 6635.00 988.00 Thousand [+]
ADP Employment Change 179.00 225.00 384.00 -836.00 Thousand [+]
Employed Persons 156795.00 156562.00 156795.00 57635.00 Thousand [+]
Unemployed Persons 5975.00 6075.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.20 0.10 0.60 -0.20 percent [+]
Average Weekly Hours 34.40 34.50 34.60 33.70 Hours [+]
Labor Force Participation Rate 62.90 62.90 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.77 0.84 2.80 0.74 percent [+]
Youth Unemployment Rate 8.10 8.30 19.50 7.80 percent [+]
Labour Costs 109.05 108.81 109.60 17.00 Index Points [+]
Productivity 105.69 105.10 105.69 26.03 Index Points [+]
Job Vacancies 7320.00 7070.00 7320.00 2132.00 Thousand [+]
Job Offers 7079.00 6960.00 7293.00 2196.00 Thousand [+]
Challenger Job Cuts 53073.00 75644.00 248475.00 15100.00 Persons [+]
Wages 22.95 22.88 22.95 2.50 USD/Hour [+]
Wage Growth 4.60 4.79 13.78 -5.88 percent [+]
Wages in Manufacturing 21.82 21.67 21.82 1.27 USD/Hour [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.80 0.60 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 129755.00 129212.00 129755.00 64640.00 Thousand [+]
Part Time Employment 27039.00 27297.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.60 1.60 0.20 1982 - 2018 percent Quarterly
SA




Country Last Previous
United States 0.80 Sep/18


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