The Employment Cost Index (ECI) component of the National Compensation Survey (NCS) is a Principal Federal Economic Indicator that measures changes in labor costs. Average hourly costs for employee compensation are presented in the Employer Costs for Employee Compensation (ECEC) series.
The NCS also provides benefits incidence data on the percentage of workers with access to and participating in employer provided benefit plans. The survey covers a broad range of benefits including holidays and vacations, sick leave, health and life insurance, and retirement plans. Details of employer-provided health and retirement plan provisions are also provided.
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Life insurance is available to 57% of private industry workers in March 2022
Life insurance was available to 57 percent of private industry workers in March 2022. Access to life insurance plans ranged from 27 percent for workers in service occupations to 79 percent in management, professional, and related occupations.
Compensation costs up 1.3% Mar 2022 to Jun 2022 and up 5.1% over the year ending Jun 2022
Compensation costs increased 1.3 percent for civilian workers, seasonally adjusted, from March 2022 to June 2022. Over the year, total compensation rose 5.1 percent, wages and salaries rose 5.3 percent, and benefit costs rose 4.8 percent.
Private industry compensation costs average $38.91 per hour worked in June 2022
Employer costs for private industry workers averaged $27.44 per hour worked for wages and salaries and $11.47 for benefits in June 2022. Insurance costs were $2.96 per hour, accounting for 7.6 percent of total compensation costs.
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Employment Cost Index (ECI)
Employer Costs for Employee Compensation (ECEC)
Employment Cost Trends
NCS Frequently Asked Questions
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The Office of Compensation Levels and Trends, Branch of Survey Information and Publications, will be glad to assist you with questions about any of the components of the National Compensation Survey.
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TOTAL COMPENSATION: 3-month % change (SA)
TOTAL COMPENSATION: 12-month % change (NSA)
Total compensation: per hour worked