State and local government compensation costs up 3.3 percent in past 12 months
May 03, 2004
The rate of increase in compensation costs slowed to 3.3 percent for State and local governments for the year ended March 2004, compared with an over-the-year gain of 4.2 percent in March 2003.
[Chart data—TXT]
The components of compensation—wages and salaries, and benefit costs—continued to show significant differences. For State and local government workers, wages and salaries rose 2.1 percent in the year ended March 2004, compared with an increase of 6.2 percent for benefits.
These data are from the BLS Compensation Cost Trends program. Over-the-year percent changes are calculated using not-seasonally-adjusted data. For more information, see "Employment Cost Index – March 2004" (PDF) (TXT), news release USDL 04-751.
SUGGESTED CITATION
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, State and local government compensation costs up 3.3 percent in past 12 months at https://www.bls.gov/opub/ted/2004/may/wk1/art01.htm (visited December 07, 2024).
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