Employment costs up 0.8 percent from March to June
August 01, 2003
Compensation costs for private sector workers rose 0.8 percent from March to June (seasonally adjusted), after jumping 1.4 percent in the prior quarter.
Gains in private sector compensation costs were led by large increases in nondurable manufacturing; transportation and public utilities; and construction. Private sector compensation gains were dampened by retail trade and wholesale trade.
Gains in wages and salaries moderated during the quarter, increasing 0.6 percent following a 1.0 percent rise in the March quarter. Wages and salaries were slowed by wholesale and retail trade, and service workers.
Benefit costs rose by 1.3 percent for the June quarter, slowing significantly from the 2.4 percent gain of the previous quarter.
These data are from the BLS Compensation Cost Trends program. Compensation costs (also known as employment costs) include wages, salaries, and employer costs for employee benefits. Data are subject to revision. Learn more in "Employment Cost Index—June 2003" (PDF) (TXT), news release USDL 03-402.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Employment costs up 0.8 percent from March to June on the Internet at https://www.bls.gov/opub/ted/2003/jul/wk4/art05.htm (visited January 18, 2018).
Recent editions of Spotlight on Statistics
Industry on Tap: Breweries
A look at employment, wages, and job safety in breweries and producer prices for beer.
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.