Compensation costs up 3.9 percent in private industry over the year
April 30, 2004
Compensation costs in private industry rose 3.9 percent in the year ended March 2004, compared with a 3.8 percent increase in March 2003.
[Chart data—TXT]
The components of compensation continued to show significant differences. For private industry workers, wages and salaries rose 2.6 percent in the year ended March 2004, compared with a gain of 7.0 percent for benefits.
These data are from the BLS Compensation Cost Trends program. For more information, see "Employment Cost Index – March 2004" (PDF) (TXT), news release USDL 04-751.
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United States Department of Labor
