Employment Cost Index Wages in the United States increased by 1.3 percent on quarter in the third quarter of 2022, after a 1.4 percent rise in the previous period. Wage costs went up in both state and local government (2.1 percent vs 0.7 percent in Q2) and private industry (1.2 percent vs 1.6 percent). source: U.S. Bureau of Labor Statistics

Employment Cost Index Wages in the United States averaged 0.79 percent from 1982 until 2022, reaching an all time high of 1.60 percent in the third quarter of 1982 and a record low of 0.20 percent in the second quarter of 2015. This page includes a chart with historical data for the United States Employment Cost Index Wages QoQ. United States Employment Cost Index Wages QoQ - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

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United States Employment Cost Index Wages QoQ



Calendar GMT Actual Previous Consensus TEForecast
2022-07-29 12:30 PM Q2 1.4% 1.2% 1.1%
2022-10-28 12:30 PM Q3 1.3% 1.4% 1.5%


Related Last Previous Unit Reference
Unemployment Rate 3.70 3.70 percent Nov 2022
Non Farm Payrolls 263.00 284.00 Thousand Nov 2022
Nonfarm Payrolls Private 221.00 248.00 Thousand Nov 2022
Government Payrolls 42.00 36.00 Thousand Nov 2022
Manufacturing Payrolls 14.00 36.00 Thousand Nov 2022
Unemployed Persons 6011.00 6059.00 Thousand Nov 2022
Employed Persons 158470.00 158608.00 Thousand Nov 2022
Average Hourly Earnings 0.60 0.50 percent Nov 2022
Average Weekly Hours 34.40 34.50 Hours Nov 2022
Labor Force Participation Rate 62.10 62.20 percent Nov 2022
Long Term Unemployment Rate 0.75 0.71 percent Nov 2022
Youth Unemployment Rate 8.20 8.10 percent Nov 2022
Productivity 113.14 113.04 points Sep 2022
Labour Costs 127.62 126.52 points Sep 2022
Job Vacancies 10752.00 10695.00 Thousand Oct 2022
Job Offers 10334.00 10687.00 Thousand Oct 2022
Wages 28.10 27.86 USD/Hour Nov 2022
Wages in Manufacturing 25.58 25.37 USD/Hour Nov 2022
Employment Cost Index 1.20 1.30 percent Sep 2022
Average Hourly Earnings YoY 5.10 4.90 percent Nov 2022
Employment Cost Index Wages 1.30 1.40 percent Sep 2022
Employment Cost Index Benefits 1.00 1.20 percent Sep 2022
Part Time Employment 26092.00 26394.00 Thousand Nov 2022
Full Time Employment 132320.00 132228.00 Thousand Nov 2022
Employment Rate 59.90 60.00 percent Nov 2022

United States Employment Cost Index Wages 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
1.30 1.40 1.60 0.20 1982 - 2022 percent Quarterly
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