Variation in employment cost increases

July 29, 2002

In private industry, employment cost increases between June 2001 and June 2002 varied by occupation, industry, and union status.

12-month percent change in Employment Cost Index in private industry, compensation, by selected characteristics, June 2002
[Chart data—TXT]

Over the year ended in June 2002, compensation cost increases were 4.1 percent for white-collar occupations, 3.9 percent for blue-collar occupations, and 4.0 percent for service occupations.

Over the same year, the compensation cost increase was 3.6 percent for goods-producing industries. The over-the-year increase in compensation for service-producing industries was 4.2 percent.

Compensation costs for union workers rose 4.5 percent over the year, compared with a 3.9 percent increase for nonunion workers.

These data are from the Employment Cost Trends program. Compensation costs (also known as employment costs) include wages, salaries, and employer costs for employee benefits. See USDL 02-403, "Employment Cost Index--June 2002" (PDF) (TXT), for more information on changes in compensation costs.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Variation in employment cost increases on the Internet at http://www.bls.gov/opub/ted/2002/jul/wk5/art01.htm (visited July 30, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • Fifty years of looking at changes in peoples lives
    Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.