Track the US Employment Cost Index, a key gauge of labor costs influencing consumer inflation.
This serves as a primary indicator of consumer inflation; when companies incur higher labor costs, these expenses are typically transferred to consumers.
What it Measures
It reflects the changes in the prices that businesses and the government pay for civilian labor.
Usual Effect
An 'Actual' figure that exceeds the 'Forecast' is favorable for the currency.
Source & Frequency
Bureau of Labor Statistics (latest release) - https://www.bls.gov/ • This data is released quarterly, approximately 30 days following the end of each quarter.
How Data is Derived
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Also Known As
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Acronym
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