Employer Costs for Employee Compensation
Market Sensitivity: Low.
What Is It: Measures dollar cost per hour of having an employee on payroll.
News Release on Internet: www.bls.gov/news.release/ecec.toc.htm
Home Web Address: www.bls.gov
Release Time: 10 A.M. (ET); released nearly three months after the end of the reported quarter.
Frequency: Quarterly.
Source: Bureau of Labor Statistics, Department of Labor.
Revisions: No revisions.
Why Is It Important
For years, economists have been clamoring for more information on labor costs. Employee compensation plays a pivotal role in determining future inflation and economic growth. A rise in wages can boost household confidence, fuel consumer spending, and keep the economy running smoothly. For business, ...
Get The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
