Movements in constant-dollar wages and salaries, 1976-98
November 01, 1999
Last year, wages and salaries adjusted for inflation increased by 2.2 percent in private industry—the same change as in 1997. The 1998 increase marked the sixth year in a row that inflation-adjusted wages and salaries rose.
Since its inception in the mid-1970s, the Employment Cost Index for wages and salaries in private industry adjusted for inflation has increased in 14 years and has fallen in 9. The largest increase in the constant-dollar ECI for wages and salaries occurred in 1982, when it rose by 2.4 percent. The steepest decline took place in 1979, when the constant-dollar ECI for wages and salaries fell by 4.1 percent.
The Employment Cost Index is a fixed-employment-weighted index that tracks quarterly changes in labor costs, free from the influence of employment shifts among occupations and industries. The Consumer Price Index for All Urban Consumers (CPI-U) is used to adjust the ECI for inflation.
These data are a product of the BLS Employment Cost Trends program. Annual changes are December to December. Find out more in Employment Cost Indexes, 1975-98, BLS Bulletin 2514.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Movements in constant-dollar wages and salaries, 1976-98 on the Internet at http://www.bls.gov/opub/ted/1999/nov/wk1/art01.htm (visited September 30, 2014).
Three recent editions of Spotlight on Statistics
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.