Importance:

Definition: It measures changes in labor costs for money wages and salaries and noncash fringe benefits in nonfarm private industry and state and local governments for workers at all levels of responsibility. The ECI is not affected by shifts in the composition of employment between high-wage and low-wage industries or between high- and low-wage occupations within industries.  Thus, the ECI represents labor costs for the same jobs over time.

 
Related Indicators:

Source: Bureau of Labor Statistics in the U.S. Department of Labor
 
Frequency:  Employment Cost Index is published quarterly

Availability: The last week of the month immediately following the quarter to which they refer

Direction:

Timing:

Volatility:
 
Likely Impact of Financial Markets:

                    Interest Rates:

                    Stock Prices:

                    Exchange Rates:

Ability to Affect Markets:

Analysis of the Indicator:
 

WEB Links

A Table of the latest Industrial Production data from The Economic Statistics Briefing Room
of the White House.

The latest Industrial Productin report from the BLS.