Annual
LREPTTFEEUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.90
Year-over-Year Change
2.50%
Date Range
1/1/2005 - 1/1/2012
Summary
The Annual Employment Cost Index (ECI) tracks changes in labor costs for private industry employers in the United States. It is a key economic indicator used by policymakers to monitor inflationary pressures and labor market conditions.
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 Employment Cost Index (ECI) is a quarterly economic series published by the U.S. Bureau of Labor Statistics. It measures the growth in total employee compensation, including wages and benefits, providing insights into labor market dynamics and the cost of labor for businesses.
Methodology
The ECI is calculated based on a survey of private industry employers across the U.S.
Historical Context
The ECI is closely watched by the Federal Reserve and other economic analysts to assess potential inflationary risks and inform monetary policy decisions.
Key Facts
- The ECI measures total employee compensation, including wages and benefits.
- It is published quarterly by the U.S. Bureau of Labor Statistics.
- The ECI is a key indicator used by the Federal Reserve to assess inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Annual Employment Cost Index (ECI) tracks changes in total labor costs for private industry employers in the United States, including wages and benefits.
Q: Why is this trend relevant for users or analysts?
A: The ECI is a crucial indicator used by policymakers, economists, and market analysts to assess inflationary pressures and labor market conditions in the U.S. economy.
Q: How is this data collected or calculated?
A: The ECI is calculated based on a survey of private industry employers across the United States conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the ECI as it helps inform monetary policy decisions aimed at maintaining price stability and supporting maximum employment.
Q: Are there update delays or limitations?
A: The ECI is published quarterly, with a slight delay to allow for data collection and processing by the Bureau of Labor Statistics.
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Citation
U.S. Bureau of Labor Statistics, Employment Cost Index (LREPTTFEEUA156S), retrieved from FRED.