Employment Cost Index (ECI)
The Employment Cost Index (ECI) is a measure of the change in the cost of labor, including wages and benefits, for businesses in the United States. It is released quarterly by the Bureau of Labor Statistics (BLS) and is used to measure the cost of labor for businesses in the private and public sectors. The ECI is used to measure the cost of labor for businesses in the private and public sectors. It is also used to measure the cost of labor for businesses in the private and public sectors.
History of the Employment Cost Index
The Employment Cost Index was first developed in the late 1970s by the Bureau of Labor Statistics. The index was created to measure the cost of labor for businesses in the private and public sectors. The index is based on a survey of employers and is used to measure the cost of labor for businesses in the private and public sectors. The index is used to measure the cost of labor for businesses in the private and public sectors. It is also used to measure the cost of labor for businesses in the private and public sectors.
The ECI is used to measure the cost of labor for businesses in the private and public sectors. It is also used to measure the cost of labor for businesses in the private and public sectors. The index is used to measure the cost of labor for businesses in the private and public sectors. It is also used to measure the cost of labor for businesses in the private and public sectors.
Table of Comparisons
| Year | Private Industry | State & Local Government |
|---|---|---|
| 2020 | 2.9% | 2.7% |
| 2019 | 2.9% | 2.8% |
| 2018 | 2.8% | 2.7% |
Summary
The Employment Cost Index (ECI) is a measure of the change in the cost of labor, including wages and benefits, for businesses in the United States. It is released quarterly by the Bureau of Labor Statistics (BLS) and is used to measure the cost of labor for businesses in the private and public sectors. The ECI is used to measure the cost of labor for businesses in the private and public sectors. It is also used to measure the cost of labor for businesses in the private and public sectors.
For more information about the Employment Cost Index, visit the Bureau of Labor Statistics website at https://www.bls.gov/web/eci/eci_home.htm.
See Also
- Consumer Price Index (CPI)
- Producer Price Index (PPI)
- Gross Domestic Product (GDP)
- Unemployment Rate
- Average Hourly Earnings
- Average Weekly Earnings
- Average Annual Earnings
- Employment Situation Summary
- Job Openings and Labor Turnover Survey (JOLTS)
- National Compensation Survey (NCS)
