Employment Cost Index

ICS Commentary on U.S. ECI report for the fourth quarter of 2023

ICS' expert commentary on the latest Employment Cost Index release

Civilian workers’ compensation costs 12-month growth rate of 4.0 percent growth is the highest in 20 years.

Although varying by occupation and sectors, compensation witnesses record-high growth increase in 17 years.

Propelled by rising private sector compensation, ECI growth rate recovers to pre-pandemic level.

As ECI growth rate approaches pre-Covid pace, low-wage workers are disproportionately impacted by the pandemic.