Labour Cost IndexWhat is the essence: This indicator fixes the wages level changes, as well as bonuses and working benefits for all non-agricultural sectors. Data for the report is collected on the basis of an employers survey.
Why it should be followed: the report is related to the inflation figures. Employee remuneration is one of the main company expenses. The US Federal Reserve is also monitoring this index closely and, to a large extent, relies on it while choosing the direction of the national economic policy.
When data is published: quarterly.