Employment Cost Index on Forex
Published
quarterly, ECI measures changes in employment costs of money wages and salaries
and non-cash benefits in non-farm industries. One of its major strengths is its
ability to break down the changes in wages and benefits as part of total
compensation, as well as its ability to point out the growth rate in these
variables. Its superiority over other pay measures is also the inclusion of
both hourly and salaried workers, and its breakdown by profession, industry and
region. The ECI does not include federal government workers.