Employment Cost Index

Employment Cost Index (ECI)
The Employment Cost Index (ECI) is a quarterly report issued by the U.S. Department of Labor that tracks changes in employer payroll costs including salaries, wages, benefits, and bonuses. It serves as a significant indicator for understanding trends in employment costs and potential inflation.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.