employment cost index

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Employment Cost Index

An index compiled by the Bureau for Labor Statistics estimating the cost of hiring and paying the American workforce. Analysts closely monitor the employment cost index: an unexpectedly large increase may result in downward pressure in the market. This is because a rise in the cost of paying employees reduces profits, which in turn reduces stock prices. It may also reduce bond prices because rises in the ECI are seen as a harbinger of inflation.

employment cost index

A closely watched economic report by the Bureau of Labor Statistics that indicates the total cost of employing a civilian worker. A larger-than-expected increase in the index is likely to place downward pressure on both bond and equity prices.
References in periodicals archive ?
PETAH TIKVA, Israel -- ECI Telecom (NASDAQ:ECIL) announced today the appointment of Avi Cohen as Chief Operating Officer reporting directly to ECI's President and CEO, Rafi Maor.
Under the contract, ECI is upgrading the national network between all the major cities in Romania, creating a new regional network in Moldova and connecting Hungary to Romania.
Scarfo brings to ECI over 24 years of experience in the access, optical and data telecommunications industry.
ECI is the only vendor to offer integrated GPON, xDSL, Gigabit Ethernet and ATM aggregation, Cellular UMTS backhauling and voice, all on a unified management platform.
3% market share, ECI has nearly twice the market share of Alcatel, ranked second at 16% and Nortel who ranked third.
Commenting, Rafi Maor, President and CEO of ECI Telecom said, "While sharing a common history, since ECtel spun out of ECI in 1999, ECI & ECtel have grown into two separate companies, each pursuing its own strategic agenda in different markets.
Dreamline has been a great partner to us and we are delighted that our XDM product is quickly becoming recognized as an ideal solution for the cellular backhaul market," said Aviel Tenenbaum, President of ECI Telecom's Asia Pacific Regional Business Unit.
Developed by Civcom and ECI, this new transponder will enable ECI's customers to reduce costs and experience performance benefits that full C-band tunable lasers provide for both metro and long haul networks.
ECI has recently been ranked by research firm Dell'Oro as the second largest provider of multiple services DSL platforms, which are used for IPTV deployments worldwide (TV broadcast over telephone lines using IP protocols).
We are pleased to continue building our successful relationship with them," said Shimon Levany, President of the North-Western Europe business unit at ECI Telecom.