The Employment Cost Index (ECI) rose 0.7 percent last quarter, following a 0.9 percent increase in the first three months of 2021, per a Friday (July 30) Reuters report. The figure that’s seen as measuring labor costs has gone up almost 3 percent in the...
April 30, 2024
American labor costs rose more than anticipated last quarter, new government data shows. The Employment Cost Index (ECI), a measure of wages and benefits, climbed 1.2% last quarter after increasing by an unrevised 0.9% during the last three months of 2023, the Bureau of Labor Statistics said Tuesday (April 30). Wage growth was more pronounced year-over-year, with […]
July 30, 2021
The Employment Cost Index (ECI) rose 0.7 percent last quarter, following a 0.9 percent increase in the first three months of 2021, per a Friday (July 30) Reuters report. The...
