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Also available:
World English Dictionary
Dictionnaire Français
employment cost index
em·ploy·ment cost in·dex
noun
Definition:
statistic suggesting inflation:
an index maintained by the Bureau of Labor Statistics that tracks the movement of wages and employment benefits. When rising it is seen as heralding inflation.
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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