Employment Cost Index news release text

TRANSMISSION OF MATERIAL IN THIS RELEASE IS EMBARGOED UNTIL                                USDL-15-0113
8:30 A.M. (EST) FRIDAY, January 30, 2015


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                                EMPLOYMENT COST INDEX - DECEMBER 2014


Compensation costs for civilian workers increased 0.6 percent, seasonally adjusted, for the 3-month 
period ending December 2014, the U.S. Bureau of Labor Statistics reported today. Wages and salaries 
(which make up about 70 percent of compensation costs) increased 0.5 percent, and benefits (which 
make up the remaining 30 percent of compensation) increased 0.6 percent.
 
Civilian Workers

Compensation costs for civilian workers increased 2.2 percent for the 12-month period ending 
December 2014. In December 2013, the increase in compensation costs was 2.0 percent. Wages and 
salaries increased 2.1 percent for the 12-month period ending December 2014, compared with a 
1.9-percent increase in December 2013. Benefit costs increased 2.6 percent for the 12-month period 
ending December 2014, compared with a 2.2-percent increase for the 12-month period ending 
December 2013. (See tables A, 4, 8, and 12.)

Private Industry Workers

Compensation costs for private industry workers increased 2.3 percent over the year. In December 
2013 the increase was 2.0 percent. Wages and salaries increased 2.2 percent for the current 12-month 
period ending December 2014, about the same as the December 2013 increase of 2.1 percent. The cost 
of benefits rose 2.5 percent for the 12-month period ending December 2014, which was higher than 
December 2013, when the increase was 1.9 percent. Employer costs for health benefits increased 
2.4 percent over the year. The 12-month percent change for December 2013 was an increase of 
3.0 percent. (See tables A, 5, 9, and 12.)

Among occupational groups, compensation cost increases for private industry workers for the 
12-month period ending December 2014 ranged from 1.8 percent for service occupations to 2.6 percent 
for natural resources, construction, and maintenance occupations.

Among industry supersectors, compensation cost increases for private industry workers for the current 
12-month period ranged from 0.6 percent for other services, except public administration to 5.6 percent 
for information.

State and Local Government Workers

Compensation costs for state and local government workers increased 2.0 percent for the 12-month 
period ending December 2014, compared with a 1.9-percent increase for December 2013. Wages and 
salaries increased 1.6 percent for the 12-month period ending December 2014, which was higher than 
the 1.1-percent increase in December 2013. Benefit costs increased 2.9 percent in December 2014. In 
December 2013, the increase was 3.3 percent. (See tables A, 7, 11, and 12.)

The Employment Cost Index for March 2015 is scheduled to be released on 
Thursday, April 30, 2015, at 8:30 a.m.(EDT).
 
New Seasonal Factors
 
New seasonal factors for 2015, along with revised seasonally adjusted indexes for the past five years 
will be available online Tuesday, April 28, 2015. 

Information in this release will be made available to sensory impaired individuals upon request—Voice 
phone: (202) 691-5200; Federal Relay Service: (800) 877-8339

BLS news releases, including the ECI, are available through an e-mail subscription service at: 
www.bls.gov/bls/list.htm. 

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Table A.  Major series of the Employment Cost Index
(Percent change)

Category                     3-month,                               12-month,
                       seasonally adjusted                   not seasonally adjusted
                         Sept.      Dec.            Dec.      Mar.      June     Sept.    Dec.
                         2014       2014            2013      2014      2014     2014     2014
______________________________________________________________________________________________
   CIVILIAN WORKERS[1]

Compensation[2]          0.7        0.6             2.0       1.8       2.0      2.2      2.2
Wages and salaries       0.8        0.5             1.9       1.6       1.8      2.1      2.1
Benefits                 0.6        0.6             2.2       2.1       2.5      2.4      2.6

   PRIVATE INDUSTRY

Compensation[2]          0.7        0.6             2.0       1.7       2.0      2.3      2.3
Wages and salaries       0.7        0.6             2.1       1.7       1.9      2.3      2.2
Benefits                 0.6        0.6             1.9       1.8       2.4      2.3      2.5

   STATE AND LOCAL
     GOVERNMENT

Compensation[2]          0.5        0.6             1.9       1.9       2.0      2.1      2.0
Wages and salaries       0.6        0.4             1.1       1.2       1.3      1.6      1.6
Benefits                 0.3        1.0             3.3       3.0       3.2      3.0      2.9
______________________________________________________________________________________________

[1] Includes private industry and State and local government.
[2] Includes wages and salaries and benefits.

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Last Modified Date: January 30, 2015