Employment Cost Index: Wages and salaries for Private industry workers in the Northeast Census Region
CIU2020000000210I • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
173.71
Year-over-Year Change
12.29%
Date Range
1/1/2001 - 4/1/2025
Summary
The Employment Cost Index (ECI) for Wages and Salaries tracks changes in labor costs for private industry workers in the Northeast Census Region. This key economic indicator provides insight into inflationary pressures and labor market dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The ECI Wages and Salaries measure reflects changes in compensation costs for private sector employers in the Northeast region. It is widely used by policymakers, economists, and analysts to assess regional labor market conditions and inflationary trends.
Methodology
The data is collected through the National Compensation Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The ECI helps inform Federal Reserve monetary policy decisions and provides context for interpreting other economic indicators.
Key Facts
- The ECI Wages and Salaries index is published quarterly.
- The Northeast region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- The index is seasonally adjusted to account for regular fluctuations.
FAQs
Q: What does this economic trend measure?
A: The Employment Cost Index (ECI) for Wages and Salaries measures changes in labor compensation costs for private industry workers in the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: The ECI Wages and Salaries is a key indicator of regional labor market conditions and inflationary pressures, providing important context for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through the National Compensation Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The ECI helps inform Federal Reserve monetary policy decisions and provides context for interpreting other economic indicators.
Q: Are there update delays or limitations?
A: The ECI Wages and Salaries index is published quarterly with a typical release lag of approximately one month.
Related Trends
Expenditures: Beef by Region: Residence in the Northeast Census Region
CXUBEEFLB1102M
Consumer Unit Characteristics: Percent Never Attended School and Other by Region: Residence in the Northeast Census Region
CXU980320LB1102M
Expenditures: Telephone Services by Region: Residence in the Northeast Census Region
CXUPHONELB1102M
Expenditures: Household Textiles by Region: Residence in the Northeast Census Region
CXUHHTXTILELB1102M
Consumer Unit Characteristics: Number of Consumer Units by Region: Residence in the Northeast Census Region
CXUCONSUNITLB1102M
New Privately-Owned Housing Units Under Construction: Single-Family Units in the Northeast Census Region
UNDCONNE1USA
Citation
U.S. Federal Reserve, Employment Cost Index: Wages and salaries for Private industry workers in the Northeast Census Region (CIU2020000000210I), retrieved from FRED.