U.S. Employment Cost Index by quarter 2010-2019

This statistic shows the Employment Cost Index for all employees in the United States from 2010 to 2019, by quarter. The index is based on numbers from December 2005. The Employment Cost Index (ECI) measures the change in the cost of labor, free from the influence of employment shifts among occupations and industries. In the third quarter of 2019, the ECI came to 138, indicating an increase of labor costs by about one percent since the preceding quarter.

Employment Cost Index for all employees in the United States from 2010 to 2019, by quarter

Index (Dec. 2005=100)
Q3 '19138
Q2 '19137
Q1 '19136.2
Q4 '18135.2
Q3 '18134.3
Q2 '18133.3
Q1 '18132.5
Q4 '17131.4
Q3 '17130.6
Q2 '17129.7
Q1 '17129
Q4 '16128
Q3 '16127.4
Q2 '16126.7
Q1 '16126
Q4 '15125.2
Q3 '15124.5
Q2 '15123.8
Q1 '15123.6
Q4 '14122.8
Q3 '14122.2
Q2 '14121.4
Q1 '14120.5
Q4 '13120.1
Q3 '13119.5
Q2 '13119
Q1 '13118.4
Q4 '12117.8
Q3 '12117.3
Q2 '12116.8
Q1 '12116.2
Q4 '11115.7
Q3 '11115.1
Q2 '11114.8
Q1 '11114
Q4 '10113.3
Q3 '10112.8
Q2 '10112.3
Q1 '10111.8
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Source

Release date

October 2019

Region

United States

Survey time period

2010 to 2019

Supplementary notes

The Employment Cost Index (ECI) measures the change in the cost of labor, free from the influence of employment shifts among occupations and industries. The total compensation series includes changes in wages and salaries and in employer costs for employee benefits. Employer costs for employee benefits are collected for paid leave — vacations, holidays, sick leave, and personal leave; supplemental pay — premium pay for work in addition to the regular work schedule (such as overtime, weekends, and holidays) and for shift differentials, and nonproduction bonuses (such as yearend, referral, and attendance bonuses); insurance benefits — life, health, short-term disability, and long-term disability insurance; retirement and savings benefits — defined benefits and defined contribution plans; and legally required benefits — Social Security, Medicare, Federal and State unemployment insurance, and workers’ compensation.
Further information regarding the methodology of the ECI can be found here.
Seasonal adjustment is a statistical method for removing the seasonal component of a time series used when analyzing non-seasonal trends.

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