Employment costs increase 4.4 percent over the year
January 26, 2001
Compensation costs in private industry rose 4.4 percent in the year ended December 2000, compared with increases of 3.4 percent in December 1999 and 3.5 percent in December 1998.
Wages and salaries rose 3.9 percent in private industry for the year ended December 2000, after increasing 3.5 percent in the year ended December 1999.
Benefit costs for private industry workers increased 5.6 percent for the year ended in December 2000, a significant increase from 3.4 percent in December 1999.
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. Learn more in "Employment Cost Index—December 2000," news release USDL 01-31.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Employment costs increase 4.4 percent over the year on the Internet at https://www.bls.gov/opub/ted/2001/jan/wk4/art05.htm (visited October 23, 2017).
Recent editions of Spotlight on Statistics
Differences in Parents’ Time Use between the Summer and the School Year
A look at how parents of school-age children spend their time in the summer and the school year.
Hispanics in the United States: Celebrating National Hispanic Heritage Month
A look at employment, earnings, consumer spending, time use, and workplace injuries and illnesses for the Hispanic or Latino U.S. population.
Expenditures on Admissions to the Arts, Movies, Sporting Events, and Other Entertainment
A look at consumer spending and attendance at arts, sports, and entertainment events.
Profile of the Labor Force by Educational Attainment
A look at the educational attainment of the U.S. labor force and how it has changed over time.