the most comprehensive and refined measure of underlying trends in employee compensation as a cost of production. Measures the cost of labor and includes changes in wages and salaries and employer costs for employee benefits. ECI tracks wages and bonuses, sick and vacation pay plus benefits such as insurance, pension and Social Security, and unemployment taxes froma survey of 18,300 occupations at 4,500 sample establishments in private industry and 4,200 occupations within about 800 state and local governments. This index can be obtained free from the Bureau of Labor Statistics' Internet site (www.stats.bls.gov).
report issued quarterly by the U.S. Department of Labor tracking changes in employer payroll costs, including salaries, wages, benefits, and bonuses. Marked increases or upward trends signal inflation.
report issued quarterly by the U.S. Department of Labor tracking changes in employer payroll costs, including salaries, wages, benefits, and bonuses. Marked increases or upward trends signal inflation.
