Introducing 2002 weights for the Employment Cost Index.(Introducing 2002 Weights)(Statistical data)

From: Monthly Labor Review | Date: April 1, 2006| Author: Costo, Stephanie L. | Copyright information

The Employment Cost Index (EC0, an employment-cost-weighted Laspeyres index, (1) is a measure of the change in the cost of employing a fixed set of labor inputs. (2) Most Laspeyres indexes update their fixed weights periodically, and the ECI is no exception. In March 2006, the ECI introduced 2002 fixed employment weights to replace the 1990 weights used from 1995 through 2005. (3) The new weights are based primarily on data from the BLS Occupational Employment Statistics (OES) surv...

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