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Compensation costs for private industry workers increased 3.2 percent for the year ended June 2005, compared with a 4.0-percent gain for June 2004.
While increases in wages and salaries continued at a moderate pace, the sharp increases in benefit costs began to moderate. For private industry workers, wages and salaries rose 2.4 percent in the year ended June 2005; this was similar to the gain of 2.6-percent in June 2004. Benefit costs gained 4.9-percent for the period ended June 2005, slowing dramatically from an increase of 7.3-percent for the year ended June 2004.
These data are from the BLS Compensation Cost Trends program. For more information, see "Employment Cost Index – June 2005" (PDF) (TXT), news release USDL 05-1434.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs up 3.2 percent in private industry over the year at https://www.bls.gov/opub/ted/2005/aug/wk1/art01.htm (visited March 18, 2025).