Employment Cost Index - ECI

What does it mean?
A quarterly report from the Department of Labor that measures the growth of compensation (wages and benefits). The index is based on a fixed group of occupations.

In Other Words...
It is considered inflationary when the ECI increases more than expected for a given period, or when the ECI has an increasing trend. This ECI performance causes bond prices to drop, and yields and interest rates to rise.

Related Links
All about Inflation Tutorial - What causes inflation? How does it affect your investments and standard of living? This tutorial has the answers.

Related Terms
CPI | Inflation | Interest Rates | PPI | Stock Compensation

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