Compensation costs in private industry up 3.2 percent in 2006
February 01, 2007
Compensation costs in private industry rose 3.2 percent in the year ended December 2006, compared with a 2.9-percent increase in December 2005.
The components of compensation differed in their rates of change. While increases in wages and salaries became greater, the sharp increases in benefit costs seen over the past several years slowed to a more moderate pace.
Wages and salaries rose 3.2 percent in the year ended December 2006, greater than the gains of 2.5 percent in December 2005 and 2.6 percent in December 2004. Benefit costs gained 3.1 percent for the year ended December 2006, slowing from increases of 4.0 percent for the year ended December 2005 and 6.7 percent for the year ended December 2004.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs in private industry up 3.2 percent in 2006 on the Internet at https://www.bls.gov/opub/ted/2007/jan/wk5/art04.htm (visited August 23, 2017).
Recent editions of Spotlight on Statistics
Women in the workforce before, during, and after the Great Recession
A look at trends and projections in the labor force participation of women from the 1950s to 2024.
Employer-sponsored healthcare coverage across wage groups
A look at the relationship between employee wages and access to, participation in, and costs of employer-sponsored medical, dental, and vision care benefit plans.
Sports and Exercise
A look at participation and time spent in sports and exercise activities.
Women at Work
A look at women's labor force participation and earnings, how women spend their time and money, the nature of fatal work injuries, and labor force projections for the future.