Compensation costs in private industry increased 1.9 percent for the year ending June 2013

August 02, 2013

From June 2012 to June 2013, compensation costs for private industry workers increased 1.9 percent. (These costs include both wages and salaries and employers' costs for benefits.) For the 12-month period ending in June 2012, the increase was 1.8 percent. From June 2012 to June 2013, wages and salaries and employers' costs for benefits both increased 1.9 percent.

12-month percent change in total compensation costs, private industry, by occupational group and industry, not seasonally adjusted, June 2011–June 2013
Occupational group and industry12-month period ending
Jun 2011Sep 2011Dec 2011Mar 2012Jun 2012Sep 2012Dec 2012Mar 2013Jun 2013

All workers

         

Total

2.32.12.22.11.81.91.81.91.9

Occupational group

         

Management, professional and related

2.32.12.12.02.02.02.01.82.0

Sales and office

2.32.42.32.62.32.11.81.91.8

Service

1.81.51.71.31.51.61.71.61.6

Natural resources, construction, and maintenance

2.02.12.22.21.81.91.72.01.8

Production, transportation, and material moving

2.72.22.42.01.41.71.61.91.8

Industry

         

Construction

1.21.01.61.61.41.81.62.12.1

Manufacturing

3.32.62.81.81.21.61.62.02.0

Trade, transportation, and utilities

2.12.42.42.92.52.22.01.81.9

Information

2.32.02.33.23.73.73.92.31.9

Financial activities

3.03.32.51.31.61.51.52.22.1

Professional and business services

2.82.42.22.11.61.71.91.81.9

Education and health services

1.61.51.62.22.22.22.11.51.6

Leisure and hospitality

1.11.11.01.01.20.81.10.90.8

Other services, except public administration

1.61.52.11.92.12.31.81.92.5

 

Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending June 2013 ranged from 1.6 percent for service occupations to 2.0 percent for management, professional, and related occupations. 

Among private industries, compensation cost increases from June 2012 to June 2013 ranged from 0.8 percent for leisure and hospitality to 2.5 percent for other services, except public administration.

These data are from the Employment Cost Trends program. To learn more, see “Employment Cost Index — June 2013” (HTML) (PDF), news release USDL‑13‑1526.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs in private industry increased 1.9 percent for the year ending June 2013 on the Internet at http://www.bls.gov/opub/ted/2013/ted_20130802.htm (visited November 22, 2014).

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