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Employment Cost Index

Employment Cost Index Definition

A quarterly report of compensation costs provided by the Bureau of Labor Statistics. It is an index-based indicator measuring the changes in labor costs from the previous quarter. Wages, bonuses and benefits of all non-farm industries are covered by the indicator, with the exception of federal government employees. The data is compiled through surveys of sampled non-farm businesses, state and local institutions. The indicator is broken down by industry group, occupation and union vs. non-union workers.



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