United States Employment Cost Index QoQ - Forecast

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.


Forecast Data Chart
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United States Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 3.7 3.9 3.8 3.8 3.4 4.5
Non Farm Payrolls 134 165 193 182 179 170
Nonfarm Payrolls Private 121 160 188 178 166 161
Government Payrolls 13 12 1 15 7.54 11
Manufacturing Payrolls 18 10 12 1 6 -2
Initial Jobless Claims 210 210 215 220 230 240
Continuing Jobless Claims 1640 1600 1626 1610 1630 1700
ADP Employment Change 230 160 215 214 214 150
Employed Persons 155962 155964 156189 156389 156566 154000
Unemployed Persons 5964 5826 5652 5517 5408 5015
Average Hourly Earnings 0.3 0.27 0.3 0.2 0.3 0.3
Average Weekly Hours 34.5 34.4 34.5 34.5 34.5 34.4
Labor Force Participation Rate 62.7 62.8 62.7 62.7 62.7 62.9
Long Term Unemployment Rate 0.82 0.8 0.8 0.9 0.9 1.1
Youth Unemployment Rate 8.5 8.4 8.3 8.2 8.2 8
Labour Costs 109 110 110 111 111 114
Productivity 105 106 106 106 106 108
Job Vacancies 7313 5450 5900 6732 6300 5200
Job Offers 7136 5818 6300 6700 6600 5800
Challenger Job Cuts 55285 33300 55080 36000 42000 31000
Wages 22.81 23.25 23.65 24.05 24.55 25.9
Wage Growth 4.79 4.8 4.8 4.8 4.8 4.8
Wages in Manufacturing 21.6 21.65 21.9 21.45 21.75 22.4
Minimum Wages 7.25 7.25 7.5 7.5 7.5 7.5
Employment Cost Index 0.6 0.6 0.8 0.6 0.7 0.6
Population 326 328 329 329 330 335
Retirement Age Women 66 66 66 66 66 66
Retirement Age Men 66 66 66 66 66 66
Employment Rate 60.4 60.4 60.4 60.4 60.4 60.5
Full Time Employment 128894 129211 129506 129757 129970 130887
Part Time Employment 27055 27002 26990 26700 26800 2750
Living Wage Family 2240 2300 2380 2380 2380 2380
Living Wage Individual 1540 1492 1488 1484 1480 1469
Wages High Skilled 4290 4500 4500 4550 4550 4550
Wages Low Skilled 2090 2150 2150 2150 2150 2200