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Saturday, October 29, 2016

USA Economy - Wages and salaries increased 2.4 percent for the current 12-month period, and increased 2.1 percent for the 12-month period ending in September 2015. .. - BLS

Press Release - EMPLOYMENT COST INDEX – SEPTEMBER 2016



Compensation costs for civilian workers increased 0.6 percent, seasonally adjusted, for the 3-month period ending in September 2016, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.5 percent, and benefits (which make up the remaining 30 percent of compensation) increased 0.7 percent. (See chart 1 and tables A, 1, 2, and 3.)

Civilian Workers 

Compensation costs for civilian workers increased 2.3 percent for the 12-month period ending in September 2016. In September 2015, compensation costs increased 2.0 percent. Wages and salaries increased 2.4 percent for the current 12-month period, and increased 2.1 percent for the 12-month period ending in September 2015. Benefit costs increased 2.3 percent for the 12-month period ending in September 2016. In September 2015, the increase was 1.8 percent. (See chart 2 and tables A, 4, 8, and 12.) 

Private Industry Workers

 Compensation costs for private industry workers increased 2.3 percent over the year, higher than the September 2015 increase of 1.9 percent. Wages and salaries increased 2.4 percent for the current 12- month period. In September 2015, the increase was 2.1 percent. The cost of benefits rose 1.8 percent for the 12-month period ending in September 2016, and rose 1.4 percent in September 2015. (See charts 3 and 4 and tables A, 5, 9, and 12.) 


Employer costs for health benefits increased 2.7 percent for the 12-month period ending in September 2016. (For further information, see www.bls.gov/web/eci/echealth.pdf.)

Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending in September 2016 ranged from 1.8 percent for management, professional, and related occupations to 3.2 percent for service occupations. (See table 5.)

 Among industry supersectors, compensation cost increases for private industry workers for the current 12-month period ranged from 1.7 percent for professional and business services to 3.6 percent for leisure and hospitality. (See table 5.)


State and Local Government Workers 

Compensation costs for state and local government workers increased 2.6 percent for the 12-month period ending in September 2016. In September 2015, the increase was 2.3 percent. Wages and salaries increased 2.0 percent for the 12-month period ending in September 2016. In September 2015, the increase was 1.8 percent. Benefit costs increased 3.7 percent for the 12- month period ending in September 2016, a higher rate than in the prior year when the increase was 3.0 percent. (See chart 5 and tables A, 7, 11, and 12.)


page source http://www.bls.gov/