Small increases in compensation costs in September 2009
November 05, 2009
Compensation costs and its components—wages and salaries and benefits—decelerated for private industry workers for the 12-month period ending September 2009, registering the smallest increases since each series began. The differences were not statistically different from last quarter. Wages and salaries make up about 70 percent of compensation and benefits make up the remaining 30 percent.
Compensation costs increased 1.2 percent, the smallest percent change published since the series began in 1980.
The wage and salary series, which began in 1975, increased 1.4 percent for the current 12-month period.
The cost of benefits, which have been measured since 1980, increased 1.1 percent for the 12-month period ending September 2009.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Small increases in compensation costs in September 2009 on the Internet at http://www.bls.gov/opub/ted/2009/ted_20091105.htm (visited October 01, 2014).
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