Compensation costs in private industry up 1.9 percent from March 2008 to March 2009
May 01, 2009
In private industry, compensation costs rose 1.9 percent in the year ended March 2009, significantly less than the increase for the year ended March 2008, which was 3.2 percent.
Private industry wages and salaries decelerated to a 2.0-percent increase for the year ended March 2009. In March 2008, the increase in wages and salaries was 3.2 percent.
Benefit costs increased 1.6 percent for the 12-month period ended March 2009. For the year ended March 2008, the increase in benefit costs was 3.2 percent.
These data are from the BLS Employment 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—March 2009" (PDF) (HTML), news release USDL 09-0456.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs in private industry up 1.9 percent from March 2008 to March 2009 on the Internet at http://www.bls.gov/opub/ted/2009/apr/wk4/art05.htm (visited May 31, 2016).
Recent editions of Spotlight on Statistics
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.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.