Employment Cost Index

Wage and salary growth in the public sector decelerates. Meanwhile, the private sector growth gap widens among occupations.

While compensation growth stabilizes, the current ECI data has yet to document the full-fledged effect of Covid-19.

ECI variation narrows across the country. As private sector growth drives the ECI trend, the accelerating growth in service jobs ends.

With unemployment rate steady, year-on-year compensation growth softens.