Employment cost increases by region in 2003
February 04, 2004
Among the regions in the year ended December 2003, increases in employment costs ranged from 3.1 percent in the South to 4.8 percent in the Midwest. Compensation costs rose 4.1 percent in the Northeast and 4.4 percent in the West.
All four of these increases were higher than in the previous year. In the year ended in December 2002, compensation costs were up 2.8 percent in the South, 3.2 percent in the Northeast, 3.5 percent in the West, and 3.8 percent in the Midwest.
These data are from the BLS Compensation Cost Trends program. Compensation costs (also known as employment costs) include wages, salaries, and employer costs for employee benefits. For more information, see "Employment Cost Index – December 2003" (PDF) (TXT), news release USDL 04-83.
Bureau of Labor Statistics, U.S. Department of Labor, The Editor's Desk, Employment cost increases by region in 2003 on the Internet at http://www.bls.gov/opub/ted/2004/feb/wk1/art03.htm (visited September 17, 2014).
Spotlight on Statistics: Productivity
This edition of Spotlight on Statistics examines labor productivity trends from 2000 through 2010 for selected industries and sectors within the nonfarm business sector of the U.S. economy. Read more »