Employer Cost for Employee Compensation
Description
The Employer Costs for Employee Compensation (ECEC) is a measure of the cost of labor. The compensation series includes wages and salaries plus employer costs for individual employee benefits. Employee benefit costs are calculated as cents-per-hour-worked for individual benefits ranging from employer payments for Social Security to paid time off for holidays. The survey covers all occupations in the civilian economy, which includes the total private economy (excluding farms and households), and the public sector (excluding the Federal government). Statistics are published for the private and public sectors separately, and the data are combined in a measure for the civilian economy.
For information and data, visit: https://www.bls.gov/ncs/ect/
Resources
| Name |
Format |
Description |
Link |
|
21 |
ECEC data resources |
https://www.bls.gov/ncs/ect/data.htm |
Tags
- employment-cost-index
- wages
- compensation
- earnings
- benefits
- health-insurance
- pay