MLchartDataset catalogue

Employment cost index

Term · Economic statistics · MLC-T-ECS-000608

Measure of change in the cost of labor over time, free from the influence of employment shifts among occupations and industries.

Note: The Employment Cost Index (ECI) measures changes in compensation costs (wages and salaries and employer costs for employee benefits).

Table 1. Record
IdentifierMLC-T-ECS-000608
FieldEconomic statistics
AbbreviationECI
ReferencesBLS Glossary
Record as JSON 
{
  "id": "MLC-T-ECS-000608",
  "term": "Employment cost index",
  "field": "Economic statistics",
  "definition": "Measure of change in the cost of labor over time, free from the influence of employment shifts among occupations and industries.\n\nNote: The Employment Cost Index (ECI) measures changes in compensation costs (wages and salaries and employer costs for employee benefits).",
  "abbreviation": "ECI",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/employment-cost-index/"
}

Record 608 of 2,177 in Economic statistics terminology (MLC-0116). Request the full dataset.