Saturday, November 16, 2013
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.