Small increases in compensation costs in September 2009
November 05, 2009
Compensation costs and its components—wages and salaries and benefits—decelerated for private industry workers for the 12-month period ending September 2009, registering the smallest increases since each series began. The differences were not statistically different from last quarter. Wages and salaries make up about 70 percent of compensation and benefits make up the remaining 30 percent.
Compensation costs increased 1.2 percent, the smallest percent change published since the series began in 1980.
The wage and salary series, which began in 1975, increased 1.4 percent for the current 12-month period.
The cost of benefits, which have been measured since 1980, increased 1.1 percent for the 12-month period ending September 2009.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Small increases in compensation costs in September 2009 on the Internet at https://www.bls.gov/opub/ted/2009/ted_20091105.htm (visited April 24, 2017).
Recent editions of Spotlight on Statistics
STEM occupations: past, present, and future
A look at employment and wages in science, technology, engineering, and mathematics occupations.
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.