Compensation costs up 3.9 percent in private industry over the year

April 30, 2004

Compensation costs in private industry rose 3.9 percent in the year ended March 2004, compared with a 3.8 percent increase in March 2003.

12-month percent changes in Employment Cost Index, private industry, March 1999 - March 2004
[Chart data—TXT]

The components of compensation continued to show significant differences. For private industry workers, wages and salaries rose 2.6 percent in the year ended March 2004, compared with a gain of 7.0 percent for benefits.

These data are from the BLS Compensation Cost Trends program. For more information, see "Employment Cost Index – March 2004" (PDF) (TXT), news release USDL 04-751.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs up 3.9 percent in private industry over the year on the Internet at http://www.bls.gov/opub/ted/2004/apr/wk4/art05.htm (visited October 22, 2014).

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