Employment Cost Index - June 1994 — 1994-07-26

The Employment Cost Index (ECI) increased 0.7 percent before seasonal adjustment in the 3 months ended in June 1994, the U.S. Department of Labor's Bureau of Labor Statistics reported today. The June 1994 ECI level of 122.1 (June 1989=100) was 3.2 percent higher than the index in June 1993. The ECI measures changes in compensation costs, including wages, salaries, and employer costs for employee benefits. On a seasonally adjusted basis, the ECI rose 0.9 percent in the March-June 1994 quarter, compared with a 0.7 percent gain in the December 1993-March 1994 quarter. The quarterly increase in wages and salaries was 0.8 percent, about the same as in the previous quarter. Benefit costs rose 1.0 percent, also about the same as in the previous quarter. (See table A.) Seasonally adjusted Unadjusted Compensation 3-months ended 12-months component 1992 1993 1994 ended Sep. Dec. Mar. June Sep. Dec. Mar.