ECEC Release Briefing: Business Costs March 2023
Key takeaways
- For the majority of roles, business costs of flexible labor tended to be steady or declining between December 2022 and March 2023.
- Costs of compensation rose most in the Sacramento metro area, while several Midwestern markets had some of the smallest increases.
- Though a few hospitality roles saw large increases in cost in specific regions, overall costs rose more quickly in other kinds of roles.
ECEC Release Briefing: Business Costs September 2022
Key takeaways
- Business costs rose most quickly between June and September for ancillary roles in the service sector
- Increases in costs were down to around 1% for many hospitality roles after spikes in the spring
- Hourly labor costs in the industrial sector held steady
ECEC Release Briefing: Business Costs June 2022
Transactions on the Instawork platform track the wages paid to hourly workers and the total cost of their shifts to local businesses. This briefing focuses on costs to businesses for dozens of occupations in regions across the United States, in parallel with the Employer Costs for Employee Compensation (ECEC) release from the Bureau of Labor Statistics. Data used in this briefing may include data on future shifts that have been booked on the Instawork platform but have not yet taken place.
ECI Release Briefing: Indexed Business Costs to May 2022
Transactions on the Instawork platform track the pay of hourly workers and the total cost of their shifts to local businesses. This briefing includes indexed cost trends for various roles in regions across the United States. Because the Instawork platform is part of a competitive labor market for hourly work, the trends shown here for total business costs are expected to follow the costs of other sources of staffing over time. Data used in this briefing may include data on future shifts that have been booked on the Instawork platform but have not yet taken place.
ECEC Report Briefing: Business Costs March 2022
Transactions on the Instawork platform track the wages paid to hourly workers and the total cost of their shifts to local businesses. This briefing focuses on costs to businesses for dozens of occupations in regions across the United States. Data used in this briefing may include data on future shifts that have been booked on the Instawork platform but have not yet taken place.
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