Private sector wages rose faster than benefits last year
May 19, 2000
Wages in private industry rose 3.0 percent from $13.47 per hour in March 1998 to $13.87 in March 1999. Over the same period, the employers’ cost of benefits rose 2.2 percent to $5.13.
As a result, the share of total compensation accounted for by wages and salaries edged up to 73 percent. The year ending in March 1999 was the fifth in a row in which wages gained as a share of compensation.
The portions of compensation that recorded the largest declines as a share of compensation since 1994 were insurance (particularly health insurance) and workers’ compensation programs.
These data are a product of the BLS Employment Cost Trends program. Additional information is available from "Employer Costs for Employee Compensation, 1986-99," BLS Bulletin 2526.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Private sector wages rose faster than benefits last year on the Internet at http://www.bls.gov/opub/ted/2000/may/wk3/art05.htm (visited October 05, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
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.