Compensation costs up 3.0 percent in private industry in 2005
February 01, 2006
Compensation costs in private industry rose 3.0 percent in the year ended December 2005, slowing from a 3.8-percent increase in December 2004.
The components of compensation showed differences in their rates of change in the 12 months ended in December. While increases in wages and salaries continued at a moderate pace, the increase in benefit costs was somewhat lower than it had been in the past several years.
These data are from the BLS Compensation Cost Trends program. For more information, see "Employment Cost Index – December 2005" (PDF) (TXT), news release USDL 06-157.
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