Commentary on the Employment Cost Index

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2020  
First Quarter of 2020 (PDF, 405 KB)

Annual compensation growth remains steady despite worsening labor market conditions at end of quarter

2019  
Third Quarter of 2019 (PDF, 756 KB)

Annual compensation growth strengthens, breaking pattern of softening growth over the last two quarters

Second Quarter of 2019 

With unemployment rate steady, year-on-year compensation growth softens

2014  
First Quarter of 2014 ECI for Leisure and Hospitality Industry reaches post-recession record high
Second Quarter of 2014 At 2.0%, 12-month ECI continues four-plus year steady pace
2013  
Third Quarter 2013 (PDF, 425 KB) Higher growth in private sector wages/salaries and in the West
Second Quarter of 2013 Annual growth in compensation costs, steady at 1.9%
2012  
Third Quarter of 2012 ECI aligns with "Jobs Report" in signaling steadily strengthening employment picture
Second Quarter of 2012 12-month percent change in private sector benefit costs drops precipitously
First Quarter of 2012 ECI essentially flat with increases reported throughout 2010 and 2011
2011  
Fourth Quarter of 2011 Compensation cost increases continuing in a solid "holding Pattern"
Third Quarter of 2011 Q3 employment cost index dips
Second Quarter of 2011 Employment cost index highest since 2008
First Quarter of 2011 Steady, slow currents in U.S. labor market waters
2010  
Fourth Quarter of 2010 Labor costs inching up, but not enough to chill hiring: Cornell expert
Third Quarter of 2010 Q3 provides further evidence of a soft, but non-recessionary private-sector labor market
Second Quarter of 2010 Benefits Explain Why Employers’ Costs Rise, But Employees Might Feel Worse Off