Compensation costs up 4.0 percent in private industry over the year
January 30, 2004
Compensation costs in private industry rose 4.0 percent in the year ended December 2003, a gain larger than the more modest increase of 3.2 percent in December 2002.
The components of compensation continued to show significant differences. For private industry workers, wages and salaries rose 3.0 percent in the year ended December 2003, compared with a gain of 6.4 percent for benefits.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs up 4.0 percent in private industry over the year on the Internet at https://www.bls.gov/opub/ted/2004/jan/wk4/art05.htm (visited July 21, 2017).
Recent editions of Spotlight on Statistics
Employer-sponsored healthcare coverage across wage groups
A look at the relationship between employee wages and access to, participation in, and costs of employer-sponsored medical, dental, and vision care benefit plans.
Sports and Exercise
A look at participation and time spent in sports and exercise activities.
Women at Work
A look at women's labor force participation and earnings, how women spend their time and money, the nature of fatal work injuries, and labor force projections for the future.
STEM occupations: past, present, and future
A look at employment and wages in science, technology, engineering, and mathematics occupations.