Employment costs increase 4.2 percent in past 12 months
April 27, 2001
Compensation costs in private industry rose 4.2 percent in the year ended March 2001, compared with increases of 4.6 percent in March 2000 and 3.0 percent in March 1999.
Wages and salaries rose 3.8 percent for the year ended March 2001, after increasing 4.2 percent in the year ended March 2000.
Benefit costs for private industry workers increased 5.0 percent for the year ended in March 2001, following an increase of 5.5 percent in March 2000.
These data are from the BLS Employment Cost Trends program. Compensation costs (also known as employment costs) include wages, salaries, and employer costs for employee benefits. Learn more in "Employment Cost Index—March 2001," news release USDL 01-113.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Employment costs increase 4.2 percent in past 12 months on the Internet at http://www.bls.gov/opub/ted/2001/apr/wk4/art05.htm (visited November 24, 2015).
Recent editions of Spotlight on Statistics
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.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.