Employment Cost Index Summary

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                                    EMPLOYMENT COST INDEX – JUNE 2024

Compensation costs for civilian workers increased 0.9 percent, seasonally adjusted, for the 3-month period
ending in June 2024, the U.S. Bureau of Labor Statistics reported today. Wages and salaries increased 0.9
percent and benefit costs increased 1.0 percent from March 2024. (See tables A, 1, 2, and 3.)

Compensation costs for civilian workers increased 4.1 percent for the 12-month period ending in June 2024
and increased 4.5 percent in June 2023. Wages and salaries increased 4.2 percent for the 12-month period
ending in June 2024 and increased 4.6 percent for the 12-month period ending in June 2023. Benefit costs
increased 3.8 percent over the year and increased 4.2 percent for the 12-month period ending in June 2023.
(See tables A, 4, 8, and 12.)

Compensation costs for private industry workers increased 3.9 percent over the year. In June 2023, the
increase was 4.5 percent. Wages and salaries increased 4.1 percent for the 12-month period ending in June
2024 and increased 4.6 percent in June 2023. The cost of benefits increased 3.5 percent for the 12-month
period ending in June 2024 and increased 3.9 percent in June 2023. (See tables A, 5, 9, and 12.)

Inflation-adjusted (constant dollar) compensation costs for private industry increased 0.9 percent for the
12-month period ending in June 2024. Inflation-adjusted wages and salaries increased 1.1 percent for the 
12 months ending June 2024. Inflation-adjusted benefit costs in the private sector increased 0.5 percent
over that same period. (See table A.)

Within private industry by bargaining status, compensation costs increased 6.0 percent for union workers
and 3.6 percent for non-union workers for the 12-month period ending in June 2024. Wages and salaries
increased 6.5 percent for union workers and 3.8 percent for non-union workers for the 12-month period
ending in June 2024. Benefit costs increased 5.2 percent for union workers and 3.2 percent for non-union
workers for the period ending in June 2024. (See tables 6, 10, and 12.)


Compensation costs for state and local government workers increased 4.9 percent for the 12-month period
ending in June 2024, compared with an increase of 4.9 percent in June 2023. Wages and salaries increased
5.1 percent for the 12-month period ending in June 2024 and increased 4.7 percent a year ago. Benefit
costs increased 4.8 percent for the 12-month period ending in June 2024. The prior year’s increase was 5.2
percent. (See tables A, 7, 11, and 12.)