Private industry compensation costs increase 2.1 percent in 2010
February 01, 2011
Compensation costs for private industry workers increased 2.1 percent for the 12-month period ending December 2010, higher than the 1.2 percent increase for the 12-month period ending December 2009.
The wage and salary series increased 1.8 percent for the current 12-month period. The change for the period ending December 2009 was 1.3 percent.
The cost of benefits for private industry workers increased 2.9 percent for the 12-month period ending December 2010, higher than the December 2009 increase of 0.9 percent.
Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending December 2010 ranged from 1.5 percent for service occupations to 2.4 percent for production, transportation, and material moving occupations.
Among industry supersectors, compensation cost increases for private industry workers for the current 12-month period ranged from 0.9 percent for construction to 2.8 percent for manufacturing.
These data are from the BLS Employment 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 2010" (HTML) (PDF), news release USDL-11-0086.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Private industry compensation costs increase 2.1 percent in 2010 on the Internet at https://www.bls.gov/opub/ted/2011/ted_20110201.htm (visited February 20, 2017).
Recent editions of Spotlight on Statistics
STEM occupations: past, present, and future
A look at employment and wages in science, technology, engineering, and mathematics occupations.
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.