Employment costs in private industry, June 2007

August 01, 2007

Compensation costs for private sector workers rose 0.9 percent from March to June 2007 (seasonally adjusted), compared to 0.6 percent for the prior quarter.

3-month percent changes in Employment Cost Index, private industry workers, seasonally adjusted, September 2005-June 2007
[Chart data—TXT]

Wages and salaries for private industry workers increased 0.8 percent, compared with 1.1 percent for the previous quarter.

Benefit costs for private industry rose sharply by 1.1 percent, compared to a decline of 0.3 percent the previous quarter.

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. Data are subject to revision. Learn more in "Employment Cost Index—June 2007" (PDF) (TXT), news release USDL 07-1151.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Employment costs in private industry, June 2007 on the Internet at http://www.bls.gov/opub/ted/2007/jul/wk5/art03.htm (visited October 31, 2014).

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