# United States Employment Cost Index

United States Employment Cost Index was up 3.4% year on year in Q3 2026, compared with 3.4% in Q2 2026.
The level stood at 178.6 (index).
That is the lowest reading since Q2 2021.
Over the past ten years it has ranged from 2.2% (Q4 2016) to 5.1% (Q2 2022), averaging 3.4%.

- Source agency: U.S. Bureau of Labor Statistics
- Makrognosis code: `US.ECI.Q.SA`
- Frequency: quarterly
- Units: index
- Coverage: 2001-01-01 to 2026-07-01 (103 observations)
- Page: https://makrognosis.robomacro.com/data/united-states/employment-cost-index

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| Q3 2026 | 178.6 | 3.4 |
| Q2 2026 | 177.2 | 3.4 |
| Q1 2026 | 175.6 | 3.4 |
| Q4 2025 | 174.0 | 3.4 |
| Q3 2025 | 172.8 | 3.6 |
| Q2 2025 | 171.4 | 3.6 |
| Q1 2025 | 169.8 | 3.6 |
| Q4 2024 | 168.3 | 3.8 |
| Q3 2024 | 166.8 | 3.8 |
| Q2 2024 | 165.4 | 4.0 |
| Q1 2024 | 163.9 | 4.2 |
| Q4 2023 | 162.2 | 4.2 |
| Q3 2023 | 160.7 | 4.4 |
| Q2 2023 | 159.0 | 4.5 |
| Q1 2023 | 157.3 | 4.8 |
| Q4 2022 | 155.7 | 5.1 |
| Q3 2022 | 153.9 | 5.1 |
| Q2 2022 | 152.1 | 5.1 |
| Q1 2022 | 150.1 | 4.5 |
| Q4 2021 | 148.2 | 4.0 |
| Q3 2021 | 146.5 | 3.6 |
| Q2 2021 | 144.7 | 2.8 |
| Q1 2021 | 143.7 | 2.6 |
| Q4 2020 | 142.5 | 2.6 |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/US.ECI.Q.SA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/US.ECI.Q.SA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```