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Employment cost index

What is the employment cost index and what does it tell us about the economy?

by Justin Ho
Oct 31, 2024
The Labor Department's quarterly employment cost index basically tells us how much employers are paying their employees.
The employment cost index basically tells us how much employers are paying their employees.
Mario Tama/Getty Images
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Is slowing wage growth good news for inflation?

by Henry Epp
Oct 31, 2023
But recent union victories may keep upward pressure on wages.
The Federal Reserve wants wage growth to slow because if employers spend more on labor, they'll likely try to make up that profit by raising prices.
Alex Wong/Getty Images
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How much are employers paying for labor? That's where the ECI comes in.

by Sean McHenry
Oct 30, 2023
The employment cost index, a favorite Federal Reserve data point, captures the cost of employing people, including benefits.
The employment cost index doesn't just calculate wages. It also factors in how much employers spend on benefits.
Mario Tama/Getty Images
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Wage growth may be slowing, but consumers still have the power to spend

by Justin Ho
Jul 28, 2023
Wages are rising faster than prices. So on average, people’s purchasing power is increasing.
Purchasing power has increased because prices have been rising more slowly, said economist Preston Mui.
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New data shows companies are spending more on workers

by Mitchell Hartman
Apr 29, 2022
Wages are rising and benefits are getting better. Trouble is, inflation is outpacing pay.
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The statistic Fed Chair Powell uses to keep an eye out for wage inflation

by Mitchell Hartman
Jan 26, 2022
The central bank will scrutinize the employment cost index for 2021’s fourth quarter for signs that rising pay could fuel rising prices.
Federal Reserve chief Jerome Powell has turned his efforts toward containing inflation. The employment cost index is one of the economic indicators the Fed examines in setting monetary policy.
Graeme Jennings-Pool/Getty Images
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Employee compensation growth stalls out

by Mitchell Hartman
Jul 31, 2015
Labor costs and wages make anemic gains in second quarter reports.
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