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|Growth Rate—Real Gross Domestic Product||3.1%||8.2%||4.1%||4.2*|
|Inflation Rate—Consumer Price Index||0.6%||2.3%||0.7%||3.6%|
|Civilian Unemployment Rate||6.1%||6.1%||5.9%||5.6%|
Graph from April 2004 issue of National Economic Trends.
The ECI measures quarterly changes in compensation costs for nonfarm private and state and local government workers. ECI compensation refers to a fixed sample of jobs, while Compensation per Hour covers all workers in the nonfarm business sector in a given quarter. In both cases, compensation includes wages and salaries plus benefits.
The U.S. Department of Labor's Bureau of Labor Statistics conducts the National Compensation Survey (NCS). The NCS makes it easy to find information on occupational wages paid in or near your area. The NCS includes information on:
For more information, see the Bureau of Labor Statistics web site at www.bls.gov.
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Fed in Print: An index of the economic research conducted by the Fed.