Compensation costs up 4.6 percent over the year
July 28, 2000
Compensation costs in private industry rose 4.6 percent in the year ended June 2000, following increases of 3.3 percent in June 1999 and 3.5 percent in June 1998.
Wages and salaries rose 4.1 percent in private industry from June 1999 to June 2000. Wages and salaries increased 3.6 percent between June 1998 and June 1999.
Benefit costs for private industry workers increased 5.7 percent for the year ended in June 2000, a significant increase from 2.5 percent in June 1999. The rise in benefit costs was due, in part, to higher payments for health insurance, supplemental pay, and paid leave.
These data are from the BLS Employment Cost Trends program. Learn more in "Employment Cost Index—June 2000," news release USDL 00-215. The over-the-year changes reported in this article are based on not-seasonally-adjusted data. This release introduces an expanded definition of nonproduction bonuses designed to improve the Employment Cost Index's representation of the compensation packages offered to employees. See "Nonproduction bonus fact sheet" (PDF 14K).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs up 4.6 percent over the year on the Internet at http://www.bls.gov/opub/ted/2000/jul/wk4/art05.htm (visited March 02, 2015).
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.