Compensation costs up 1.4% Dec 2021 to Mar 2022 and up 4.5% over the year ending Mar 2022
Compensation costs increased 1.4 percent for civilian workers, seasonally adjusted, from December 2021 to March 2022. Over the year, total compensation rose 4.5 percent, wages and salaries rose 4.7 percent, and benefit costs rose 4.1 percent.
Private industry compensation costs average $38.07 per hour worked in December 2021
Wage and salary costs for private industry workers averaged $26.86 per hour worked and benefit costs averaged $11.22 in December 2021. Supplemental pay costs were $1.32 per hour, accounting for 3.5 percent of total compensation costs.
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