Compensation costs in private industry up 3.2 percent in 2006
February 01, 2007
Compensation costs in private industry rose 3.2 percent in the year ended December 2006, compared with a 2.9-percent increase in December 2005.
The components of compensation differed in their rates of change. While increases in wages and salaries became greater, the sharp increases in benefit costs seen over the past several years slowed to a more moderate pace.
Wages and salaries rose 3.2 percent in the year ended December 2006, greater than the gains of 2.5 percent in December 2005 and 2.6 percent in December 2004. Benefit costs gained 3.1 percent for the year ended December 2006, slowing from increases of 4.0 percent for the year ended December 2005 and 6.7 percent for the year ended December 2004.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs in private industry up 3.2 percent in 2006 on the Internet at https://www.bls.gov/opub/ted/2007/jan/wk5/art04.htm (visited January 17, 2018).
Recent editions of Spotlight on Statistics
Industry on Tap: Breweries
A look at employment, wages, and job safety in breweries and producer prices for beer.
Differences in Parents’ Time Use between the Summer and the School Year
A look at how parents of school-age children spend their time in the summer and the school year.
Hispanics in the United States: Celebrating National Hispanic Heritage Month
A look at employment, earnings, consumer spending, time use, and workplace injuries and illnesses for the Hispanic or Latino U.S. population.
Expenditures on Admissions to the Arts, Movies, Sporting Events, and Other Entertainment
A look at consumer spending and attendance at arts, sports, and entertainment events.