Employment Cost Index For March

 

The employment cost index measured total compensation costs which include wages and salaries and also benefits. Benefits include vacations, but the primary mover is health insurance premiums. ?EUR??,,????'??? Courtesy of Econoday

Total compensation costs for civilian workers increased 0.3 percent from December 2008 to March 2009, seasonally adjusted. This follows a 0.6 percent increase for the September to December 2008 period. In March 2009, wages and salaries also rose 0.3 percent, while benefits rose 0.5 percent. The Employment Cost Index (ECI), a product of the National Compensation Survey, measures changes in compensation costs for civilian workers (non-farm private industry and state and local government workers).