12-month private industry compensation costs increase in June: 1.5 percent
August 03, 2009
Compensation costs for private industry workers increased 1.5 percent for the 12-month period ending June 2009. This is the smallest percent change published for this series since it began in 1980. The cost increases—evident in both wages and salaries as well as benefits—were the smallest increases published in the history of these data series.
The wage and salary series, which began in 1975, increased 1.6 percent for the current 12-month period. The cost of benefits, which has been measured since 1980, increased 1.3 percent for the 12-month period ending June 2009.
Among industries, compensation cost increases for private industry workers for the 12-month period ending in June 2009 ranged from 0.6 percent for financial activities to 2.5 percent for the leisure and hospitality industry, as shown in the chart.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, 12-month private industry compensation costs increase in June: 1.5 percent on the Internet at http://www.bls.gov/opub/ted/2009/ted_20090803.htm (visited July 30, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
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.