employment cost index

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 ?

classification and other details see Employment Cost Index, release

Employment cost index--private industry

The Employment Cost Index (ECI), which measures the changes in employers' wage, salary, and benefit costs, closed out 2006 showing moderate growth.

Employment cost index

The employment cost index, a closely watched gauge of inflation, rose 0.

BUSINESS NOTES NFL PLAYER OPENS NEW HOME DEPOT

Over the short-term, the Employment Cost Index rose 1.

Statement of U.S. Labor Secretary Alexis M. Herman Regarding The July 2000 Employment Cost Index

The surprising strength in the employment cost index for wages and salaries in the first quarter raises the possibility that workers, willingness to surrender wage gains for job security may be lessening.

Statement by Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System, before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, July 18, 1996

The Street will be treated to the employment cost index, the Chicago purchasing manager's index for October, and consumer confidence numbers for the month.

Schaeffer's Today's Market Features: Procter & Gamble, Eastman Kodak, Biogen Idec, AMEX Oil Services HOLDRS Trust, and CBRL Group

Labor Department releases the first-quarter employment cost index, 8:30 a.

Business events scheduled for the coming week

Despite the general increase in labor utilization, workers' compensation gains, as measured by the Employment Cost Index, have been trending down in recent years because of dramatic declines in benefit gains.

Labor utilization

gross domestic product data and the employment cost index, both for the first quarter of this year, brokers said.

Nikkei opens higher, TOPIX down

Traders said the employment cost index might not deter the Fed from implementing another rate hike when its policy-writing Open Market Committee meets Nov.

MARKETS RALLY; INVESTORS LEAP BACK IN AFTER LABOR-COST REPORT

The increase in total hourly compensation over the first three months of the year, as measured by the employment cost index (ECI), was in line with its recent moderate trend.

Monetary policy report to the Congress

Elsewhere, the Labor Department reported that the employment cost index increased 0.

Schaeffer's Midday Options Update Features Microsoft, Avon Products, Constellation Energy, and Lennar