Meaning Employment Cost Index
What does Employment Cost Index mean? Here you find 5 meanings of the word Employment Cost Index. You can also add a definition of Employment Cost Index yourself
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Employment Cost IndexThe Employment Cost Index (ECI) is a measure of the change in the cost of labor, free from the influence of employment shifts among occupations and industries. The series measures changes in compensat [..]
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Employment Cost IndexDefinition An index used to monitor inflation. The Employment Cost Index measures the relative changes in wages, benefits, and bonuses for a specific group of occupations. The reason the ECI is though [..]
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Employment Cost IndexMeasure of the change in cost of labor, free from the influence of employment shifts among occupations and industries.
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Employment Cost IndexEmployment cost index is a quarterly measure of changes in labor costs. It is one of the main economic indicators used by the Federal Reserve Bank. The following are some of the main features of the d [..]
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Employment Cost Indexmeasures the rate of change in employee compensation, which includes wages, salaries, and employer’s cost for employee benefits. The ECI was developed in response to a frequently expressed need for such a statistical series. The ECI is comprehensive in that it:
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