Employment cost index wages in the United States increased by 1.2% on quarter in the first quarter of 2023, the same pace as in the previous period. Wage costs went up in both private industry (1.2%) and state and local government (0.9%). source: U.S. Bureau of Labor Statistics

Employment Cost Index Wages in the United States averaged 0.79 percent from 1982 until 2023, 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 June of 2023.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
United States Employment Cost Index Wages QoQ



Calendar GMT Actual Previous Consensus TEForecast
2023-01-31 01:30 PM Q4 1% 1.3% 1%
2023-04-28 12:30 PM Q1 1.2% 1.2% 0.9%
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
Productivity 112.72 113.31 points Mar 2023
Labour Costs 128.50 127.20 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
Part Time Employment 26443.00 26663.00 Thousand May 2023
Full Time Employment 134477.00 134500.00 Thousand May 2023
Employment Rate 60.30 60.40 percent May 2023

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
1.20 1.20 1.60 0.20 1982 - 2023 percent Quarterly
SA