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Employment Cost Index Definition

Employment cost Index definition. This index is measured for wages and unemployment benefits in the USA. It can tell about  inflation in the economy. FRS closely watches this indicator and based on its value adjusts its financial policy, which confirms its high significance.

Employment cost index is published quarterly, at 20-s, at 08:30 a.m EST (New York). Published data is used for middle- and long-term forecast. Rise in index in the period of expectations of growing major interest rates leads to consolidation of national currency.

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