2019 Economic Calendar
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Employment Cost Index  
Released On 1/31/2019 8:30:00 AM For Q4:2018
 PriorConsensusConsensus RangeActual
Quarter over Quarter0.8 %0.8 %0.6 % to 1.0 %0.7 %
Year over Year2.8 %2.9 %
US 6-Mo ChartGlobal Current
performance relative to consensus

Consensus Outlook
Steady and significant pressure is expected for the employment cost index with Econoday's fourth-quarter consensus at a 0.8 percent rise. The third-quarter rate, at an actual 0.8 percent, was the strongest reading of the expansion.

Relative Performance Index

Econoday's RPI provides a handy summary measure of how an economy has recently been evolving relative to market expectations.
A reading above zero means that the economy in general has been performing more strongly than expected and vice versa for a reading below zero. The closer is the value to the maximum (+100) or minimum (-100) levels, the greater is the degree to which markets have been under- or over-estimating economic activity. A zero outturn would imply that, on average, the market consensus has been correct. Note too that the index is sensitized to place extra weight upon those indicators that investors consider to be the most important.

 

Definition
A measure of total employee compensation costs: wages and salaries as well as benefits. The employment cost index (ECI) is the broadest measure of labor costs. Why Investors Care

2019 Release Schedule
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