Also known as ECI.
Total cost of labor — wages plus benefits — measured so hiring-mix changes don't distort it.
The cleanest wage-inflation series; quarterly, so each print carries weight with the Fed.
Usual market effect. Hotter-than-forecast inflation usually means higher rates — good for the dollar, bad for stocks.
| Release | Actual | Forecast | Previous | Read |
|---|---|---|---|---|
| Jul 2026 2026-07-31 | 0.9% | 0.8% | 0.9% | Bearish |
| Jul 2026 2026-07-30 | 0.9% | 0.8% | 0.9% | Bearish |
| Apr 2026 2026-04-30 | 0.9% | 0.8% | 0.7% | Bearish |
| Feb 2026 2026-02-10 | 0.7% | 0.8% | 0.8% | Bullish |
| Dec 2025 2025-12-10 | 0.8% | 0.9% | 0.9% | Bullish |
| Jul 2025 2025-07-31 | 0.9% | 0.8% | 0.9% | Bearish |
| Apr 2025 2025-04-30 | 0.9% | 0.9% | 0.9% | In line |
| Jan 2025 2025-01-31 | 0.9% | 0.9% | 0.8% | In line |
| Oct 2024 2024-10-31 | 0.8% | 0.9% | 0.9% | Bullish |
“Read” is Tape Desk's own bullish/bearish call on how the surprise usually lands for US stock indexes. It is a rule of thumb, not advice.
Tape Desk puts the US economic calendar next to a live market-moving news tape, so you see the actual the second it prints instead of refreshing a calendar page. High-impact releases fire an alert 15 minutes ahead and again on release.