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Stats3. EMPLOYMENT COST INDEX

Employment Cost Index

The Employment Cost Index (ECI) is a quarterly measure of changes in compensation costs, which include wages & salaries, employer costs for employee benefits, and total compensation. Published by the US Department of Labor, Bureau of Labor Statistics (BLS), the ECI is one of the principal economic indicators relating to employment costs.

Among the statistics produced by BLS, ECI is the preferred measure of annual increases in wages & salaries for salary planning because it is a measure of direct wages & salaries. It is preferable to using the CPI as a method of inflating salaries because the CPI is not a measure of wages, but of prices.

 
  EMPLOYMENT COST INDEX
  (Not seasonally adjusted)
  Calendar Year
12 months ended 6/30/11
2003
2004
2005
2006
2007
2008
2009
2010
CIVILIAN WORKERS              
Wages and Salaries
2.9%
2.5%
2.6%
3.2%
3.4%
2.7%
1.5%
1.6%
1.6%
Benefits
6.4%
6.7%
4.5%
3.6%
3.1%
2.2%
1.5%
2.9%
3.6%
Total Compensation
3.9%
3.7%
3.1%
3.3%
3.3%
2.6%
1.4%
2.0%
2.2%
PRIVATE INDUSTRY
     
Wages and Salaries
3.1%
2.6%
2.5%
3.2%
3.3%
2.6%
1.3%
1.8%
1.7%
Benefits
6.5%
6.7%
4.0%
3.1%
2.4%
2.0%
0.9%
2.9%
4.0%
Total Compensation
4.0%
3.8%
2.9%
3.2%
3.0%
2.4%
1.2%
2.1%
2.3%
STATE AND LOCAL GOVERNMENT
     
Wages and Salaries
2.2%
2.1%
3.1%
3.5%
3.5%
3.1%
1.9%
1.2%
1.2%
Benefits
6.3%
6.7%
6.3%
5.2%
5.5%
2.9%
3.1%
2.9%
3.0%
Total Compensation
3.5%
3.6%
4.1%
4.1%
4.1%
3.0%
2.3%
1.8%
1.7%

Includes revisions to 2009 and 2010 indexes in January 2011.

Source: US Department of Labor, Bureau of Labor Statistics 




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