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Employment Cost Index |
Also found in: Acronyms, Wikipedia | 0.02 sec. |
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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Friday (29th): Second quarter advance GDP, second quarter employment cost index. The increase in the employment cost index for the October-to-December quarter marked a moderation from the 1 percent advance registered in the previous quarter, the Labor Department reported Thursday. Department of Labor's employment cost index increased 48 percent for K-12 education workers, compared with 67 percent for all private-sector white-collar employees. |
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