- US Employment Cost Index q/q Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Oct 31, 2024 | 0.8% | 0.9% | 0.9% |
| Jul 31, 2024 | 0.9% | 1.0% | 1.2% |
| Apr 30, 2024 | 1.2% | 1.0% | 0.9% |
| Jan 31, 2024 | 0.9% | 1.0% | 1.1% |
| Oct 31, 2023 | 1.1% | 1.0% | 1.0% |
| Jul 28, 2023 | 1.0% | 1.1% | 1.2% |
| Apr 28, 2023 | 1.2% | 1.1% | 1.0% |
| Jan 31, 2023 | 1.0% | 1.1% | 1.2% |
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- US Employment Cost Index q/q News
From zerohedge.com|Oct 31, 2024The market drifted lower on a combination of 1) disappointing tech prints (MSFT -6% & META -4%), 2) Poor liquidity (according to Goldman Sachs trading desk), and 3) Core PCE posting its biggest monthly gain since April. Not exactly 'goldilocks'!! Inflation surprises are picking up post rate-cut... chart ...bolstering the case for a slower pace of rate cuts... charts Goldman's trading desk noted that market volumes continue to be strong, +14% vs the 20dma, although S&P top of book poor compared to the start of the week. We are ...
From think.ing.com|Oct 31, 2024Today's US data flow is pretty good showing that activity/jobs remain in decent shape and inflation pressures are subsiding. Initial jobless claims dropped to 216k from 228k the week before while continuing claims dropped to 1862k from 1888k, although remain in an upward trend channel. Hurricane impacts are continuing to influence the numbers, but in general the story remains that very few people are being laid off (good news), but elevated continuing claims suggest that if you are one of the unfortunate few to lose your job it is ...
From bls.gov|Oct 31, 2024Compensation costs for civilian workers increased 0.8 percent, seasonally adjusted, for the 3-month period ending in September 2024, the U.S. Bureau of Labor Statistics reported today. Wages and salaries increased 0.8 percent and benefit costs increased 0.8 percent from June 2024. (See tables A, 1, 2, and 3.) Compensation costs for civilian workers increased 3.9 percent for the 12-month period ending in September 2024 and increased 4.3 percent in September 2023. Wages and salaries increased 3.9 percent for the 12-month period ending ...
- From bls.gov|Jul 31, 2024|2 comments
Compensation costs for civilian workers increased 0.9 percent, seasonally adjusted, for the 3-month period ending in June 2024, the U.S. Bureau of Labor Statistics reported today. Wages and salaries increased 0.9 percent and benefit costs increased 1.0 percent from March 2024. (See tables A, 1, 2, and 3.) Compensation costs for civilian workers increased 4.1 percent for the 12-month period ending in June 2024 and increased 4.5 percent in June 2023. Wages and salaries increased 4.2 percent for the 12-month period ending in June 2024 and increased 4.6 percent for the 12-month period ending in June 2023. Benefit costs increased 3.8 percent over the year and increased 4.2 percent for the 12-month period ending in June 2023. (See tables A, 4, 8, and 12.) Compensation costs for private industry workers increased 3.9 percent over the year. In June 2023, the increase was 4.5 percent. Wages and salaries increased 4.1 percent for the 12-month period ending in June 2024 and increased 4.6 percent in June 2023. The cost of benefits increased 3.5 percent for the 12-month period ending in June 2024 and increas post: A cool ECI: The employment cost index is seen inside the Fed as the highest-quality measure of compensation growth Wages and salaries for private-sector workers ex-incentive paid occupations was +1.0% in Q2 The Y/Y rate fell to 4.1% (vs 4.2% in Q1 and 4.8% last year) pic.twitter.com/H6SLJQRNlj post: Total compensation growth for all private sector workers was the mildest in three years during the second quarter, lowering the year-over-year change to 3.9% pic.twitter.com/fMaxxiUoJH
From think.ing.com|Apr 30, 2024We have seen a big jump in the US 1Q employment cost index of 1.2% quarter-on-quarter versus 0.9% in 4Q23, well above the 1% expected and above every single individual forecast in the Bloomberg survey. Not a good look as this is the Federal Reserve's favoured measure of labour costs, and given labour costs are the biggest cost input in a service sector-led economy, such as the US, it can help to keep price pressures elevated. This reinforces the prospect of hawkish messaging from the Fed tomorrow. The details show the strength was ...
From bls.gov|Apr 30, 2024|9 commentsCompensation costs for civilian workers increased 1.2 percent, seasonally adjusted, for the 3-month period ending in March 2024, the U.S. Bureau of Labor Statistics reported today. Wages and salaries increased 1.1 percent and benefit costs increased 1.1 percent from December 2023. (See tables A, 1, 2, and 3.) Compensation costs for civilian workers increased 4.2 percent for the 12-month period ending in March 2024 and increased 4.8 percent in March 2023. Wages and salaries increased 4.4 percent for the 12-month period ending in March ...
From bnnbloomberg.ca|Jan 31, 2024A broad gauge of US labor costs cooled by more than forecast in a fresh sign of easing inflation pressures that give Federal Reserve officials room to cut interest rates this year. The employment cost index, which measures wages and benefits, increased 0.9% in the fourth quarter, the smallest advance since 2021, after rising 1.1% in the prior three-month period, according to Bureau of Labor Statistics figures released Wednesday. A separate report from the ADP Research Institute showed companies added a smaller-than-expected 107,000 ...
- From bls.gov|Jan 31, 2024
Compensation costs for civilian workers increased 0.9 percent, seasonally adjusted, for the 3-month period ending in December 2023, the U.S. Bureau of Labor Statistics reported today. Wages and salaries increased 0.9 percent and benefit costs increased 0.7 percent from September 2023. (See tables A, 1, 2, and 3.) Compensation costs for civilian workers increased 4.2 percent for the 12-month period ending in December 2023 and increased 5.1 percent in December 2022. Wages and salaries increased 4.3 percent for the 12-month period ...
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