12-month private industry compensation costs, March 2010–March 2011
May 03, 2011
Compensation costs for private industry workers increased 2.0 percent for the 12-month period ending March 2011, compared to the 1.6-percent increase for the 12-month period ending March 2010.
Among industry supersectors, compensation cost increases for private industry workers for the current 12-month period ranged from 0.6 percent for construction to 2.8 percent for both manufacturing and financial activities.
Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending March 2011 were 1.4 percent for natural resources, construction, and maintenance occupations; 1.9 percent for service occupations; and 2.1 percent for the remaining three groups—management, professional, and related; sales and office; and production, transportation, and material moving occupations.
These data are from the BLS Employment Cost Trends program. To learn more, see "Employment Cost Index — March 2011" (HTML) (PDF), news release USDL-11-0586. Compensation costs (also known as employment costs) include wages, salaries, and employer costs for employee benefits.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, 12-month private industry compensation costs, March 2010–March 2011 on the Internet at http://www.bls.gov/opub/ted/2011/ted_20110503.htm (visited May 29, 2016).
Recent editions of Spotlight on Statistics
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
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.