2004 Economic Report of the President

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Since I already covered unemployment on page 1, I will delve into wages here. Private-sector hourly compensation grew 3.8% during 2004, according to the Employment Cost Index (ECI), which measures the relative changes in employer costs. As I said, this is slightly lower than the 4...
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Private-sector hourly compensation grew 3.8% during 2004, according to the Employment Cost Index (ECI), which measures the relative changes in employer costs. As I said, this is slightly lower than the 4.0% increase observed in 2003. Wages and salaries rose 2...
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