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Employment Cost Index | |||||||||||||||||||||
Definition A measure of total employee compensation costs, including wages and salaries as well as benefits. The employment cost index (ECI) is the broadest measure of labor costs. Why Investors Care | |||||||||||||||||||||
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Market Consensus Before Announcement
The employment cost index for civilian workers rose a quarter-to-quarter 1.0 percent in the third quarter, up a little over the 0.9 percent rise in the second quarter and the fastest rise in more than two years. Rising labor costs have been a key concern for the Fed. Employment cost index Consensus Forecast for Q4 06: 1.0 percent simple quarterly rate Range: 0.9 to 1.5 percent simple quarterly rate | |||||||||||||||||||||
Trends
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