Employment cost index
Employment cost index
This indicator is calculated out of wages and dole money. It is meant to demonstrate the rise of inflation in the economy. It is one of those factors which the US Fed watches out for in order to plan their future financial policy. The employment cost index influences the market very much. It is used to make predictions for medium and long-term investments. In cases where the rise of interest rates is expected the growth of this index lends confirmation and leads to the rise of the US dollar rate. The data is refreshed quarterly around 20-ties of the release month at 08:30 EST (New York).
