Employment Cost Index Wages in the United States decreased to 0.90 percent in the second quarter of 2021 from 1 percent in the first quarter of 2021. Employment Cost Index Wages in the United States averaged 0.77 percent from 1982 until 2021, reaching an all time high of 1.60 percent in the third quarter of 1982 and a record low of 0.20 percent in the second quarter of 2015. The Employment Cost Index (ECI) is a measure of the change in the cost of labor, independent of the influence of employment shifts among occupations and industry categories. The total compensation series includes changes in wages and salaries and in employer costs for employee benefits. The ECI calculates indexes of total compensation, wages and salaries, and benefits separately for all civilian workers in the United States, for private industry workers, and for workers in state and local government.
source: tradingeconomics.com
