The .gov means it's official. Federal government websites often end in .gov or .mil. Before sharing sensitive information,
make sure you're on a federal government site.
The site is secure. The
https:// ensures that you are connecting to the official website and that any
information you provide is encrypted and transmitted securely.
Inflation-adjusted compensation costs rise 0.6 percent in private industry over the year
November 05, 2014
Compensation costs for private industry workers increased 2.3 percent from September 2013 to September 2014; both wages and salaries and employers’ costs for benefits increased 2.3 percent. After adjusting for inflation in consumer prices, compensation costs for private industry workers increased 0.6 percent over the year.
Inflation-adjusted Employment Cost Index for workers in private industry, not seasonally adjusted, March 2001 to September 2014
Month
Total compensation
Wages and salaries
Benefits
Mar 2001
100.0
100.0
100.0
Jun 2001
100.0
100.0
99.9
Sep 2001
100.8
100.7
101.0
Dec 2001
102.5
102.4
102.7
Mar 2002
102.3
102.1
102.8
Jun 2002
102.7
102.5
103.5
Sep 2002
102.7
102.2
103.7
Dec 2002
103.2
102.7
104.7
Mar 2003
103.0
101.9
105.6
Jun 2003
104.1
103.0
107.3
Sep 2003
104.4
103.1
107.8
Dec 2003
105.4
103.9
109.3
Mar 2004
105.1
102.9
110.9
Jun 2004
104.8
102.4
111.4
Sep 2004
105.7
103.1
112.1
Dec 2004
105.9
103.2
112.9
Mar 2005
105.4
102.4
113.4
Jun 2005
105.5
102.4
113.6
Sep 2005
103.8
100.7
112.0
Dec 2005
105.4
102.2
113.5
Mar 2006
104.6
101.4
112.8
Jun 2006
103.9
100.8
112.0
Sep 2006
104.7
101.7
112.8
Dec 2006
106.0
102.9
114.2
Mar 2007
105.0
102.1
112.3
Jun 2007
104.4
101.5
111.8
Sep 2007
105.1
102.2
112.5
Dec 2007
105.0
102.1
112.4
Mar 2008
104.2
101.3
111.5
Jun 2008
102.4
99.7
109.3
Sep 2008
103.0
100.4
109.8
Dec 2008
107.5
104.7
114.4
Mar 2009
106.6
103.9
113.6
Jun 2009
105.4
102.8
112.3
Sep 2009
105.6
103.0
112.4
Dec 2009
105.9
103.3
112.5
Mar 2010
105.9
103.0
113.4
Jun 2010
106.2
103.4
113.8
Sep 2010
106.5
103.6
114.2
Dec 2010
106.4
103.5
114.1
Mar 2011
105.2
101.9
113.6
Jun 2011
105.0
101.4
114.2
Sep 2011
104.7
101.3
113.6
Dec 2011
105.7
102.1
114.6
Mar 2012
104.6
101.1
113.8
Jun 2012
105.2
101.6
114.5
Sep 2012
104.7
101.2
113.8
Dec 2012
105.8
102.2
115.0
Mar 2013
105.1
101.4
114.4
Jun 2013
105.3
101.7
114.6
Sep 2013
105.5
101.8
114.8
Dec 2013
106.3
102.8
115.6
Mar 2014
105.3
101.6
114.8
Jun 2014
105.3
101.6
115.0
Sep 2014
106.1
102.5
115.6
Inflation-adjusted compensation costs for workers in private industry were 1.1 percent higher in September 2014 than they were in December 2007, the start of the 2007–2009 recession. Inflation-adjusted wages and salaries were little different (up 0.3 percent) in September 2014 than in December 2007, while employers’ costs for benefits were 2.8 percent higher.
Compared with March 2001, compensation costs for private industry workers were 6.1 percent higher in September 2014 after adjusting for inflation. Inflation-adjusted wages and salaries were 2.5 percent higher, while employers’ costs for benefits were 15.6 percent higher.
These data are from the Employment Costs Trends program. For more information, see "Employment Cost Index — September 2014" (HTML) (PDF), news release USDL‑14‑2007. The Consumer Price Index for All Urban Consumers from the Consumer Price Index program is used to adjust compensation costs for inflation. More information about inflation-adjusted compensation costs is in Employment Cost Index Historical Listing—Volume IV (TXT) (PDF).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Inflation-adjusted compensation costs rise 0.6 percent in private industry over the year at https://www.bls.gov/opub/ted/2014/ted_20141105.htm (visited April 19, 2024).
United States Department of Labor
