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Data from U.S. Bureau of Labor Statistics. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Employment cost Index climbed to 0.5% in January 2014
U.S. Bureau of Labor StatisticsMonthlyReleased January 2014
US Employment cost Index climbed to 0.5% in January 2014, up 0.1% from December's 0.4% reading. The print exceeded the 0.4% consensus by 0.1%.
Latest Release
0.5
Actual
0.4
Consensus
0.4
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Employment cost Index (United States) was reported at 0.5% in January 2014. This beat the market consensus of 0.4% by 0.1%. The reading rose from the previous value of 0.4%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include NY Empire State Manufacturing Index (Jun 15) and Industrial Production MoM (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update January 2014.
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Employment cost Index - US
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About Employment cost Index — United States
DEFINITION
The Employment Cost Index (ECI) is a key economic indicator that measures the changes in the cost of labor for businesses. It provides valuable insights into the overall health of the labor market and the impact of labor costs on businesses. The ECI is closely monitored by policymakers, investors, and businesses as it can indicate potential inflationary pressures and the overall strength of the economy. This index is considered a reliable measure of wage and benefit trends and is used to make informed decisions regarding labor costs and compensation strategies.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2014): actual 0.5 %, consensus 0.4 %.
WHAT'S NEXT
This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.