Employment cost index benefits in the United States increased by 1.2% on quarter in the first quarter of 2023, following an upwardly revised 1% rise in the previous period. Benefit costs increased in both state and local government (1.5%) and private industry (1.1%). source: U.S. Bureau of Labor Statistics

Employment Cost Index Benefits in the United States averaged 0.98 percent from 1982 until 2023, reaching an all time high of 2.70 percent in the third quarter of 1982 and a record low of 0.10 percent in the first quarter of 1997. This page includes a chart with historical data for the United States Employment Cost Index Benefits QoQ. United States Employment Cost Index Benefits QoQ - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

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United States Employment Cost Index Benefits QoQ



Calendar GMT Actual Previous Consensus TEForecast
2023-01-31 01:30 PM Q4 0.8% 1% 0.8%
2023-04-28 12:30 PM Q1 1.2% 1% 0.7%
2023-07-28 12:30 PM Q2 1.2%


Related Last Previous Unit Reference
Unemployment Rate 3.70 3.40 percent May 2023
Non Farm Payrolls 339.00 294.00 Thousand May 2023
Government Payrolls 56.00 41.00 Thousand May 2023
Nonfarm Payrolls Private 283.00 253.00 Thousand May 2023
Manufacturing Payrolls -2.00 10.00 Thousand May 2023
Unemployed Persons 6097.00 5657.00 Thousand May 2023
Employed Persons 160721.00 161031.00 Thousand May 2023
Average Hourly Earnings 0.30 0.40 percent May 2023
Average Weekly Hours 34.30 34.40 Hours May 2023
Labor Force Participation Rate 62.60 62.60 percent May 2023
Long Term Unemployment Rate 0.71 0.69 percent May 2023
Youth Unemployment Rate 7.40 6.50 percent May 2023
Labour Costs 128.50 127.20 points Mar 2023
Productivity 112.72 113.31 points Mar 2023
Job Vacancies 10642.00 9356.00 Thousand Apr 2023
Job Offers 10103.00 9745.00 Thousand Apr 2023
Wages 28.75 28.62 USD/Hour May 2023
Wages in Manufacturing 26.18 26.13 USD/Hour May 2023
Employment Cost Index 1.20 1.10 percent Mar 2023
Average Hourly Earnings YoY 4.30 4.40 percent May 2023
Employment Cost Index Wages 1.20 1.20 percent Mar 2023
Employment Cost Index Benefits 1.20 1.00 percent Mar 2023
Full Time Employment 134477.00 134500.00 Thousand May 2023
Part Time Employment 26443.00 26663.00 Thousand May 2023
Employment Rate 60.30 60.40 percent May 2023

United States Employment Cost Index Benefits QoQ
The Employment Cost Index (ECI) is a measure of the change in the cost of labor, independent of the influence of employment shifts among occupations and industry categories. The total compensation series includes changes in wages and salaries and in employer costs for employee benefits. The ECI calculates indexes of total compensation, wages and salaries, and benefits separately for all civilian workers in the United States, for private industry workers, and for workers in state and local government.
Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.00 2.70 0.10 1982 - 2023 percent Quarterly
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