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employment cost index

   Also found in: Acronyms, Wikipedia 0.04 sec.
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.

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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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