Employment Cost Index

The Employment Cost Index (ECI), released by US Bureau of Labour Statistics, is a quarterly measure of the change in the price of labor, defined as compensation per employee hour worked. Closely watched by many economists, the ECI is an indicator of cost pressures within companies that could lead to price inflation for finished goods and services. The index measures changes in the cost of compensation not only for wages and salaries, but also for an extensive list of benefits.

Most recent - Friday 31 January 2025 13:30

Previous
0.8%
Revised
-
Forecast
0.9%
Actual
0.9%

Next event - Wednesday 30 April 2025 12:30

Previous
0.9%
Forecast
-
Actual
-

The typical/expected impact on USD pairs is medium.

There is no forecast value for Employment Cost Index yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Employment Cost Index was 0.9% against a forecast of 0.9%.

Past events

Date
Forecast
Actual
Friday 31 January 2025 13:30
0.9%
0.9%
Thursday 31 October 2024 12:30
0.9%
0.8%
Wednesday 31 July 2024 12:30
1%
0.9%
Tuesday 30 April 2024 12:30
1%
1.2%
Wednesday 31 January 2024 13:30
1%
0.9%
Tuesday 31 October 2023 12:30
1%
1.1%
Friday 28 July 2023 12:30
1.1%
1%
Friday 28 April 2023 12:30
1.1%
1.2%
Tuesday 31 January 2023 13:30
1.1%
1%
Friday 28 October 2022 12:30
1.2%
1.2%
Friday 29 July 2022 12:30
1.2%
1.3%
Friday 29 April 2022 12:30
1.1%
1.4%

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Employment Cost Index result:

PreviousLatest
Existing Home Sales Change (MoM)Bearish change2.9%-4.9%
Michigan Consumer Sentiment IndexBearish change67.864.7
UoM 5-year Consumer Inflation ExpectationBullish change3.3%3.5%
S&P Global Composite PMIBearish change52.750.4
S&P Global Manufacturing PMIBullish change51.251.6
S&P Global Services PMIBearish change52.949.7
Initial Jobless ClaimsBearish change214K219K
Philadelphia Fed Manufacturing SurveyBearish change44.318.1
Building Permits (MoM)Bullish change1.482M1.483M
Housing Starts (MoM)Bearish change1.515M1.366M
NY Empire State Manufacturing IndexBullish change-12.65.7
Industrial Production (MoM)Bearish change1%0.5%
Retail Sales (MoM)Bearish change0.7%-0.9%
Retail Sales Control GroupBearish change0.8%-0.8%
Retail Sales ex Autos (MoM)Bearish change0.7%-0.4%
Initial Jobless ClaimsBullish change220K213K
Producer Price Index (MoM)Bearish change0.5%0.4%
Producer Price Index (YoY)Bullish change3.3%3.5%
Producer Price Index ex Food & Energy (MoM)Bearish change0.4%0.3%
Producer Price Index ex Food & Energy (YoY)Bearish change3.7%3.6%
Monthly Budget StatementBearish change$-87B$-129B
Consumer Price Index (MoM)Bullish change0.4%0.5%
Consumer Price Index (YoY)Bullish change2.9%3%
Consumer Price Index ex Food & Energy (MoM)Bullish change0.2%0.4%
Consumer Price Index ex Food & Energy (YoY)Bullish change3.2%3.3%

About Employment Cost Index

Country:United States
Currency:USD
Source:US Bureau of Labor Statistics
Category:Labor Market
Frequency:Quarterly
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