Compensation costs in private industry up 3.0 percent in 2007
February 01, 2008
In private industry, compensation costs rose 3.0 percent in the year ended December 2007. In December 2006 the increase was 3.2 percent.
Wages and salaries for private industry workers increased 3.3 percent for the 12-month period ended December 2007. Benefit costs increased 2.4 percent.
These data are from the BLS Compensation Cost Trends program. Compensation costs (also known as employment costs) include wages, salaries, and employer costs for employee benefits. For more information, see "Employment Cost Index -- December 2007" (PDF) (HTML), news release USDL 08-0129.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs in private industry up 3.0 percent in 2007 on the Internet at https://www.bls.gov/opub/ted/2008/jan/wk4/art05.htm (visited August 17, 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.