August 01, 2005
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.