Compensation costs in private industry up 3.0 percent over the year
November 01, 2006
Compensation costs in private industry rose 3.0 percent in the year ended September 2006, compared with a 2.9-percent increase in September 2005.
The components of compensation differed in their rates of change. While increases in wages and salaries became greater, the sharp increase in benefit costs seen for private industry workers over the past several years slowed to a more moderate pace.
For private industry workers, wages and salaries rose 3.0 percent in the year ended September 2006, up from 2.3 percent the previous year. Benefits costs were up 2.8 percent, slowing significantly from increases of 4.5 percent for the year ended September 2005 and 6.7 percent for the year ended September 2004.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs in private industry up 3.0 percent over the year on the Internet at http://www.bls.gov/opub/ted/2006/oct/wk5/art03.htm (visited March 29, 2015).
Three recent editions of Spotlight on Statistics
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.