Compensation costs up in first quarter
April 29, 2002
The 3-month increase in compensation costs for civilian workers was 0.8 percent during the December 2001-March 2002 period. This followed a gain of 1.0 percent in September-December 2001.
Wages and salaries increased 0.8 percent during the December 2001-March 2002 period, following a 0.9 percent increase during the previous 3-month period. Benefit costs rose 1.0 percent during the March quarter, following a 1.2 percent gain in the December quarter.
The 3-month increase in compensation costs for private industry workers was 0.9 percent. and compensation costs for State and local government workers increased 0.7 percent during the December 2001-March 2002 period.
These data are from the Employment Cost Trends program. Civilian workers include nonfarm private industry plus State and local government. See USDL 02-239, "Employment Cost Index—March 2002," (PDF) (TXT) for more information on changes in compensation costs.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs up in first quarter on the Internet at https://www.bls.gov/opub/ted/2002/apr/wk5/art01.htm (visited January 17, 2021).
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