US wages and salaries increased by 0.9% quarter-on-quarter in the fourth quarter of 2024, following a 0.8% rise in the previous period. Employment Cost Index Wages in the United States averaged 0.80 percent from 1982 until 2024, reaching an all time high of 1.60 percent in the third quarter of 1982 and a record low of 0.20 percent in the second quarter of 2015. source: U.S. Bureau of Labor Statistics




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-10-31 12:30 PM
Employment Cost - Wages QoQ
Q3 0.8% 0.9% 0.7%
2025-01-31 01:30 PM
Employment Cost - Wages QoQ
Q4 0.9% 0.8% 0.7%
2025-04-30 12:30 PM
Employment Cost - Wages QoQ
Q1 0.9%


Related Last Previous Unit Reference
Average Hourly Earnings MoM 0.50 0.30 percent Jan 2025
Average Hourly Earnings YoY 4.10 4.10 percent Jan 2025
Average Weekly Hours 34.10 34.20 Hours Jan 2025
Employed Persons 163895.00 161661.00 Thousand Jan 2025
Employment Cost Index 0.90 0.80 percent Dec 2024
Employment Cost - Benefits 0.80 0.80 percent Dec 2024
Employment Cost - Wages 0.90 0.80 percent Dec 2024
Employment Rate 60.10 60.00 percent Jan 2025
Full Time Employment 135896.00 133510.00 Thousand Jan 2025
Government Payrolls 32.00 34.00 Thousand Jan 2025
JOLTs Job Openings 7600.00 8156.00 Thousand Dec 2024
Job Openings 7134.00 7713.00 Thousand Dec 2024
Participation Rate 62.60 62.50 percent Jan 2025
Labour Costs 121.98 121.40 points Sep 2024
Long Term Unemployment Rate 0.85 0.92 percent Jan 2025
Manufacturing Payrolls 3.00 -12.00 Thousand Jan 2025
Non Farm Payrolls 143.00 307.00 Thousand Jan 2025
Nonfarm Payrolls Private 111.00 273.00 Thousand Jan 2025
Part Time Employment 27901.00 27918.00 Thousand Jan 2025
Productivity 114.48 113.85 points Sep 2024
Unemployed Persons 6849.00 6886.00 Thousand Jan 2025
Unemployment Rate 4.00 4.10 percent Jan 2025
Wages 30.84 30.68 USD/Hour Jan 2025
Wages in Manufacturing 28.55 28.33 USD/Hour Jan 2025
Youth Unemployment Rate 9.00 9.00 percent Jan 2025

United States Employment Cost Index Wages QoQ
The Employment Cost Index (ECI) is a measure of the change in the cost of labor, independent of the influence of employment shifts among occupations and industry categories. The total compensation series includes changes in wages and salaries and in employer costs for employee benefits. The ECI calculates indexes of total compensation, wages and salaries, and benefits separately for all civilian workers in the United States, for private industry workers, and for workers in state and local government.
Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.80 1.60 0.20 1982 - 2024 percent Quarterly
SA