The National Compensation Survey produces quarterly indexes measuring change over time in labor costs, Employment Cost Index (ECI), and quarterly data measuring level of average costs per hour worked, Employer Costs for Employee Compensation (ECEC).
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Compensation costs up 1.2% Jun 2022 to Sep 2022 and up 5.0% over the year ending Sep 2022
Compensation costs increased 1.2 percent for civilian workers, seasonally adjusted, from June 2022 to September 2022. Over the year, total compensation rose 5.0 percent, wages and salaries rose 5.1 percent, and benefit costs rose 4.9 percent.
Private industry compensation costs average $38.91 per hour worked in June 2022
Employer costs for private industry workers averaged $27.44 per hour worked for wages and salaries and $11.47 for benefits in June 2022. Insurance costs were $2.96 per hour, accounting for 7.6 percent of total compensation costs.
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Employment Cost Index
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What Is the Employment Cost Index?
How the Employment Cost Index Is Used
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TOTAL COMPENSATION: 3-month % change (SA)
TOTAL COMPENSATION: 12-month % change (NSA)
Total compensation: per hour worked