Compensation costs for civilian workers in the US rose 1.3 percent quarter-over-quarter in the three months ending June of 2022, slightly slower than a record growth of 1.4 percent increase in the previous period and marginally faster than market expectations of 1.2 percent, as the labor market remained significantly tighter. Wages and salaries increased 1.4 percent (vs 1.2 percent in Q1) and benefits went up 1.2 percent (vs 1.8 percent). Compared with a year earlier, labor costs fell 2.4 percent in the second quarter, following a 3.7 percent contraction in the quarter ending March. source: U.S. Bureau of Labor Statistics
Employment Cost Index in the United States averaged 0.84 percent from 1982 until 2022, 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 August of 2022.
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. In the long-term, the United States Employment Cost Index QoQ is projected to trend around 0.60 percent in 2023, according to our econometric models.