Breadcrumb ILR Home Institute for Compensation Studies Employment Cost Index Employment Cost Index Photo by Yuri Krupenin on Unsplash Photo by Yuri Krupenin on Unsplash U.S. EMPLOYMENT COST INDEX, Q4 2025 COMMENTARY Feb 11, 2026 2025 Fourth Quarter Summary: Further softening in compensation cost growth, though margin above general inflation widens slightly U.S. EMPLOYMENT COST INDEX, Q4 2025 COMMENTARY U.S. EMPLOYMENT COST INDEX, Q3 2025 COMMENTARY Feb 11, 2026 2025 Third Quarter Summary: Growth in compensation costs continues downward trend, though still above general inflation U.S. EMPLOYMENT COST INDEX, Q3 2025 COMMENTARY U.S. EMPLOYMENT COST INDEX, Q2 2025 COMMENTARY Jul 31, 2025 2025 Second Quarter Summary: Workers’ real purchasing power has slightly weakened despite continued wage growth above inflation. U.S. EMPLOYMENT COST INDEX, Q2 2025 COMMENTARY U.S. EMPLOYMENT COST INDEX, Q1 2025 COMMENTARY Apr 30, 2025 2025 First Quarter Summary: Continue gains in workers’ real purchasing power, while private-sector benefit costs, particularly healthcare, are accelerating faster than wages. U.S. EMPLOYMENT COST INDEX, Q1 2025 COMMENTARY U.S. EMPLOYMENT COST INDEX, Q4 2024 COMMENTARY Feb 3, 2025 2024 Fourth Quarter Summary: Year-on-year growth of employee compensation softens but remained solidly above consumer inflation. U.S. EMPLOYMENT COST INDEX, Q4 2024 COMMENTARY U.S. EMPLOYMENT COST INDEX, Q3 2024 COMMENTARY Nov 12, 2024 2024 Third Quarter Summary: Compensation costs continue to rise faster than inflation: good news for workers, especially union workers. U.S. EMPLOYMENT COST INDEX, Q3 2024 COMMENTARY Pagination Page 1 Page 2 Page 3 Next page Next › Last page Last »