Compensation costs for civilian workers in the US increased 1.2 percent on quarter in the three months to January 2023, following a 1.1 percent rise in the previous period and above market expectations of 1.1 percent. Both wages and salaries and benefits costs rose by 1.2 percent from the last quarter of 2022. Year-on-year, compensation costs for civilian workers grew by 4.8 percent. source: U.S. Bureau of Labor Statistics

Employment Cost Index in the United States averaged 0.84 percent from 1982 until 2023, 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 July of 2023.

Employment Cost Index in the United States is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United States Employment Cost Index QoQ



Calendar GMT Actual Previous Consensus TEForecast
2023-01-31 01:30 PM Q4 1% 1.2% 1.1% 1%
2023-04-28 12:30 PM Q1 1.2% 1.1% 1.1% 0.8%
2023-07-28 12:30 PM Q2 1.2% 1.0%


Related Last Previous Unit Reference
Unemployment Rate 3.70 3.40 percent May 2023
Non Farm Payrolls 339.00 294.00 Thousand May 2023
Unemployed Persons 6097.00 5657.00 Thousand May 2023
Employed Persons 160721.00 161031.00 Thousand May 2023
Average Hourly Earnings 0.30 0.40 percent May 2023
Average Weekly Hours 34.30 34.40 Hours May 2023
Labor Force Participation Rate 62.60 62.60 percent May 2023
Labour Costs 128.50 127.20 points Mar 2023
Productivity 112.72 113.31 points Mar 2023
Job Offers 10103.00 9745.00 Thousand Apr 2023
Wages 28.75 28.62 USD/Hour May 2023
Employment Cost Index 1.20 1.10 percent Mar 2023
Employment Cost Index Wages 1.20 1.20 percent Mar 2023
Employment Cost Index Benefits 1.20 1.00 percent Mar 2023
Full Time Employment 134477.00 134500.00 Thousand May 2023
Employment Rate 60.30 60.40 percent May 2023

United States Employment Cost Index QoQ
The Employment Cost Index (ECI) is a measure of the change in the cost of labor, independent of the influence of employment shifts among occupations and industry categories. The total compensation series includes changes in wages and salaries and in employer costs for employee benefits. The ECI calculates indexes of total compensation, wages and salaries, and benefits separately for all civilian workers in the United States, for private industry workers, and for workers in state and local government.
Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.10 2.00 0.20 1982 - 2023 percent Quarterly
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News Stream
US Q1 Labor Costs Rise More Than Expected
Compensation costs for civilian workers in the US increased 1.2 percent on quarter in the three months to January 2023, following a 1.1 percent rise in the previous period and above market expectations of 1.1 percent. Both wages and salaries and benefits costs rose by 1.2 percent from the last quarter of 2022. Year-on-year, compensation costs for civilian workers grew by 4.8 percent.
2023-04-28
US Labor Costs Rise at Slower Pace in Q4
Compensation costs for civilian workers in the US increased 1% on quarter in the last three months of 2022, a third straight slowdown, compared to a 1.2% rise in the previous quarter and slightly lower than market forecasts of 1.1%. Wages and salaries which make up about 70% of employment costs rose 1% (vs 1.3% in Q3) and benefit costs went up 0.8%, also lower than 1% in the previous period. Year-on-year, compensation costs rose 5.1%, slightly above 5% in Q3, but adjusted for inflation, they fell 1.3%.
2023-01-31
US Q3 Labor Costs Rise 1.2%
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.
2022-10-28