Changes in private industry compensation costs, September 2011–September 2012

November 02, 2012

Compensation costs for private industry workers increased 2.0 percent from September 2011 to September 2012. The increase was 2.1 percent from September 2010 to September 2011.

12-month percent change in Employment Cost Index for total compensation, private industry workers, by industry and occupational group, September 2011 and September 2012
12-month percent change in Employment Cost Index for total compensation, private industry workers, by occupational group and industry, September 2011 and September 2012
Occupational group and industryPercent changes for 12-months ended
September 2011September 2012

Private industry workers

2.12.0

Industry

  

Construction

1.01.8

Manufacturing

2.61.6

Trade, transportation, and utilities

2.42.5

Information

2.03.7

Financial activities

3.31.5

Professional and business services

2.41.7

Education and health services

1.52.2

Leisure and hospitality

1.10.8

Occupational group

  

Management, professional, and related

2.12.0

Sales and office

2.42.4

Natural resources, construction, and maintenance

2.11.9

Production, transportation, and material moving

2.21.7

Service occupations

1.51.7

These data are featured in the TED article, Changes in private industry compensation costs, September 2011–September 2012.

 

Among industries, compensation cost increases for the 12-month period ending September 2012 ranged from 0.8 percent for leisure and hospitality to 3.7 percent for information.

Among occupational groups, compensation cost increases for the 12-month period ending September 2012 ranged from 1.7 percent for production, transportation, and material moving occupations and service occupations to 2.4 percent for sales and office occupations.

These data are from the BLS Employment Cost Trends program. To learn more, see "Employment Cost Index — September 2012" (HTML) (PDF), news release USDL-12-2162. Compensation costs, also known as employment costs, include wages, salaries, and employer costs for employee benefits.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Changes in private industry compensation costs, September 2011–September 2012 on the Internet at http://www.bls.gov/opub/ted/2012/ted_20121102.htm (visited November 24, 2014).

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