US Q3 2025 Employment Cost Index QoQ: Positive for USD

On July 31, 2025, the US Department of Labor released the Q3 Employment Cost Index (quarter-on-quarter). The reported figure was 0.9%. No consensus forecast was provided; the previous value was also 0.9%.Definition: The Employment Cost Index measures the total expenses incurred by employers in hiring labor, including recruitment costs, wages, bonuses, tips, social welfare contributions, vocational training, employee benefits, and transportation allowances.Market impact: A result above expectations is considered supportive for the US dollar.Data significance: Importance level 3. Methodology: Tracks changes in labor costs. Release frequency: Quarterly. The next release is scheduled for the following quarter.

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