Quarterly
ULQBBC04LUQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
377,977,512.06
Year-over-Year Change
7.08%
Date Range
1/1/1995 - 7/1/2011
Summary
The Quarterly Employer Cost Index (ECI) measures the average change in compensation costs for civilian workers in the United States. It is a key indicator of labor market conditions and inflationary pressures.
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 Quarterly Employer Cost Index (ECI) tracks changes in the cost of wages, salaries, and benefits for civilian workers. It is used by policymakers, researchers, and businesses to understand labor market dynamics and plan budgets.
Methodology
The ECI is calculated by the U.S. Bureau of Labor Statistics based on surveys of employers across the country.
Historical Context
The ECI is closely monitored by the Federal Reserve and other economic policymakers as a gauge of inflationary pressures in the labor market.
Key Facts
- The ECI is released quarterly by the U.S. Bureau of Labor Statistics.
- The ECI tracks changes in both wages/salaries and benefits for civilian workers.
- The ECI is a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Employer Cost Index (ECI) measures the average change in total compensation costs, including wages, salaries, and benefits, for civilian workers in the United States.
Q: Why is this trend relevant for users or analysts?
A: The ECI is a closely watched indicator of labor market conditions and inflationary pressures. It helps policymakers, businesses, and economists understand trends in employee compensation costs.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics calculates the ECI based on surveys of a representative sample of employers across the country.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the ECI as a gauge of labor market conditions and inflationary pressures when making monetary policy decisions.
Q: Are there update delays or limitations?
A: The ECI is released on a quarterly basis, with a lag of about one month following the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly Employer Cost Index (ULQBBC04LUQ189N), retrieved from FRED.