Employment Cost Index

2020 Fourth Quarter Summary: Annual compensation growth remains steady. Wage and salary growth in the public sector decelerates while the private sector growth gap widens among occupations.

2020 First Quarter Summary: Annual compensation growth remains steady despite worsening labor market conditions at the end of the quarter. While compensation growth stabilizes, the current ECI data has yet to document the full-fledged effect of Covid-19.

2019 Third Quarter Summary: Annual compensation growth strengthens, breaking pattern of softening growth over the last two quarters. ECI variation narrows across the country. As private sector growth drives the ECI trend, the accelerating growth in service jobs ends.

2019 Second Quarter Summary: With unemployment rate steady, year-on-year compensation growth softens.