← Back to Economic Trends

What is this?

The Employment Cost Index (ECI) is a quarterly measure of changes in labor costs including wages, salaries, and benefits.

(definition taken from http://www.bls.gov/ncs/ect/)

Weekly Gas Prices

How do I use this?

Use ECI as a guide in making decisions regarding what labor rate to charge for your services. It is not recommended that you adjust your rates based on seasonal variations.