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3Q Employment Cost Index - 08:30 EST.....>

US PREVIEW
US PREVIEW: 3Q Employment Cost Index - 08:30 EST
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-ECI expected +0.7% according to Bloomberg median. Prior +0.6% was lowest since
4Q 2017.
-With ECI often running parallel with average hourly earnings, analysts see
gains in ECI too.  
-Employment costs were +2.7% YOY in 2Q vs. +2.8% YOY in 1Q.
-Analysts say United Auto Workers strike to have little effect on 3Q ECI, but
show up in 4Q readings.

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