Employer Cost Index. A quarterly report from the U.S. Department of Labor quantifying...
employment cost index. An index of the cost of an hour of labor--comprising the cost to the employer for wage or salary payments, employee benefits, and contributions for social insurance. The ECI is unaffected by changes in the mix of occupations and of employment by industry. (BLS)
A quarterly report from the U.S. Department of Labour quantifying changes in employee compensation in the form of wages and benefits. Calculated based on a fixed basket of occupations. Considered by some investors to be an indicator of inflation.