Compensation costs for private industry workers up 1.7 percent in year ending March 2014
May 07, 2014
Compensation costs for private industry workers increased 1.7 percent over the year. In March 2013 the increase was 1.9 percent. Wages and salaries increased 1.7 percent for the current 12-month period ending March 2014, unchanged from March 2013. The increase in the cost of benefits was 1.8 percent for the 12-month period ending March 2014. In March 2013, the increase in the cost of benefits was 2.0 percent.
|Date||Compensation (1)||Wages And Salaries||Benefits|
(1) Includes wages and salaries and benefits.
Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending March 2014 ranged from 1.1 percent for service occupations to 1.9 percent for management, professional, and related; natural resource, construction, and maintenance; and production, transportation, and material moving occupations.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs for private industry workers up 1.7 percent in year ending March 2014 on the Internet at https://www.bls.gov/opub/ted/2014/ted_20140507.htm (visited August 23, 2017).
Recent editions of Spotlight on Statistics
Women in the workforce before, during, and after the Great Recession
A look at trends and projections in the labor force participation of women from the 1950s to 2024.
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.