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Employment Cost Index

News Releases


Employment Cost Index

Compensation costs up 1.2% Dec 2022 to Mar 2023 and up 4.8% over the year ending Mar 2023


Compensation costs increased 1.2 percent for civilian workers, seasonally adjusted, from December 2022 to March 2023. Over the year, total compensation rose 4.8 percent, wages and salaries rose 5.0 percent, and benefit costs rose 4.5 percent.
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Employer Costs for Employee Compensation

Benefit costs for private industry workers average $11.86 per hour worked in Dec 2022


Wage and salary costs for private industry workers averaged $28.37 per hour worked. Retirement and savings costs averaged $1.36 per hour worked and accounted for 3.4 percent of total compensation costs.
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