Drop in compensation costs in constant dollars, September 2005
October 31, 2005
Measured in "constant dollars," it is estimated that annual compensation costs for private industry workers decreased 1.6 percent for the year ended September 2005, compared with a 1.2-percent over-the-year increase for September 2004.
Private-sector wages declined by 2.4 percent in constant dollars from September 2004 to September 2005; benefit costs rose 0.1 percent.
Compensation costs decreased 0.9 percent for State and local government for the year ended September 2005, compared with an over-the-year gain of 0.8 percent in September 2004.
These data are from the BLS Compensation Cost Trends program. Quarterly and annual ECI changes are computed in terms of June 1989 dollars ("constant dollars") using the Consumer Price Index for All Urban Consumers (CPI-U), U.S. City Average All Items to give an approximate measure of changes in compensation costs after adjustment for the changes over the same time in the price of consumer goods and services. For more information, see "Employment Cost Index –September 2005" (PDF) (TXT), news release USDL 05-2086.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Drop in compensation costs in constant dollars, September 2005 on the Internet at http://www.bls.gov/opub/ted/2005/oct/wk5/art01.htm (visited October 26, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.