Benefits now increasing at slower rate than wages and salaries
November 03, 1999
For the fourth year in a row, benefit costs for civilian workers rose more slowly than wages and salaries in 1998.
The Employment Cost Index (ECI) for benefit costs grew by 2.6 percent from December 1997 to December 1998. Wages and salaries increased by 3.7 percent over the same period.
At the beginning of the 1990s, benefits were climbing much more quickly than wages—for example, benefit costs increased by 6.7 percent in 1990, compared to 4.3 percent for wages and salaries. But since 1995, wages and salaries have risen more rapidly than benefits each year.
These data are a product of the BLS Employment Cost Trends program. Annual changes are December to December. "Civilian workers" include those in private industry and State and local government. The ECI excludes the self-employed and farm, private household, and Federal Government employees. Find out more in Employment Cost Indexes, 1975-98, BLS Bulletin 2514.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Benefits now increasing at slower rate than wages and salaries on the Internet at http://www.bls.gov/opub/ted/1999/nov/wk1/art03.htm (visited September 27, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.