Here comes the employment cost index...
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The ECI is a comprehensive measure of employee wages and benefits, essentially the total labor cost for employers. It is a fuller picture of wage pressures than the monthly average hourly earnings.
The index increased by 0.6% in the second quarter, and increased 2.3% over the prior year, it's second-highest reading since the recession.
Wages and salaries for civilian workers (which makes up 70% of the index) increased by 0.6% in the second quarter and benefits rose by 0.5%.
We'll have this quarter's numbers when they cross, so refresh the page for updates.
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