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Compensation costs for private industry workers increased 2.3 percent from September 2013 to September 2014; both wages and salaries and employers’ costs for benefits increased 2.3 percent. After adjusting for inflation in consumer prices, compensation costs for private industry workers increased 0.6 percent over the year.
Month | Total compensation | Wages and salaries | Benefits |
---|---|---|---|
Mar 2001 |
100.0 | 100.0 | 100.0 |
Jun 2001 |
100.0 | 100.0 | 99.9 |
Sep 2001 |
100.8 | 100.7 | 101.0 |
Dec 2001 |
102.5 | 102.4 | 102.7 |
Mar 2002 |
102.3 | 102.1 | 102.8 |
Jun 2002 |
102.7 | 102.5 | 103.5 |
Sep 2002 |
102.7 | 102.2 | 103.7 |
Dec 2002 |
103.2 | 102.7 | 104.7 |
Mar 2003 |
103.0 | 101.9 | 105.6 |
Jun 2003 |
104.1 | 103.0 | 107.3 |
Sep 2003 |
104.4 | 103.1 | 107.8 |
Dec 2003 |
105.4 | 103.9 | 109.3 |
Mar 2004 |
105.1 | 102.9 | 110.9 |
Jun 2004 |
104.8 | 102.4 | 111.4 |
Sep 2004 |
105.7 | 103.1 | 112.1 |
Dec 2004 |
105.9 | 103.2 | 112.9 |
Mar 2005 |
105.4 | 102.4 | 113.4 |
Jun 2005 |
105.5 | 102.4 | 113.6 |
Sep 2005 |
103.8 | 100.7 | 112.0 |
Dec 2005 |
105.4 | 102.2 | 113.5 |
Mar 2006 |
104.6 | 101.4 | 112.8 |
Jun 2006 |
103.9 | 100.8 | 112.0 |
Sep 2006 |
104.7 | 101.7 | 112.8 |
Dec 2006 |
106.0 | 102.9 | 114.2 |
Mar 2007 |
105.0 | 102.1 | 112.3 |
Jun 2007 |
104.4 | 101.5 | 111.8 |
Sep 2007 |
105.1 | 102.2 | 112.5 |
Dec 2007 |
105.0 | 102.1 | 112.4 |
Mar 2008 |
104.2 | 101.3 | 111.5 |
Jun 2008 |
102.4 | 99.7 | 109.3 |
Sep 2008 |
103.0 | 100.4 | 109.8 |
Dec 2008 |
107.5 | 104.7 | 114.4 |
Mar 2009 |
106.6 | 103.9 | 113.6 |
Jun 2009 |
105.4 | 102.8 | 112.3 |
Sep 2009 |
105.6 | 103.0 | 112.4 |
Dec 2009 |
105.9 | 103.3 | 112.5 |
Mar 2010 |
105.9 | 103.0 | 113.4 |
Jun 2010 |
106.2 | 103.4 | 113.8 |
Sep 2010 |
106.5 | 103.6 | 114.2 |
Dec 2010 |
106.4 | 103.5 | 114.1 |
Mar 2011 |
105.2 | 101.9 | 113.6 |
Jun 2011 |
105.0 | 101.4 | 114.2 |
Sep 2011 |
104.7 | 101.3 | 113.6 |
Dec 2011 |
105.7 | 102.1 | 114.6 |
Mar 2012 |
104.6 | 101.1 | 113.8 |
Jun 2012 |
105.2 | 101.6 | 114.5 |
Sep 2012 |
104.7 | 101.2 | 113.8 |
Dec 2012 |
105.8 | 102.2 | 115.0 |
Mar 2013 |
105.1 | 101.4 | 114.4 |
Jun 2013 |
105.3 | 101.7 | 114.6 |
Sep 2013 |
105.5 | 101.8 | 114.8 |
Dec 2013 |
106.3 | 102.8 | 115.6 |
Mar 2014 |
105.3 | 101.6 | 114.8 |
Jun 2014 |
105.3 | 101.6 | 115.0 |
Sep 2014 |
106.1 | 102.5 | 115.6 |
Inflation-adjusted compensation costs for workers in private industry were 1.1 percent higher in September 2014 than they were in December 2007, the start of the 2007–2009 recession. Inflation-adjusted wages and salaries were little different (up 0.3 percent) in September 2014 than in December 2007, while employers’ costs for benefits were 2.8 percent higher.
Compared with March 2001, compensation costs for private industry workers were 6.1 percent higher in September 2014 after adjusting for inflation. Inflation-adjusted wages and salaries were 2.5 percent higher, while employers’ costs for benefits were 15.6 percent higher.
These data are from the Employment Costs Trends program. For more information, see "Employment Cost Index — September 2014" (HTML) (PDF), news release USDL‑14‑2007. The Consumer Price Index for All Urban Consumers from the Consumer Price Index program is used to adjust compensation costs for inflation. More information about inflation-adjusted compensation costs is in Employment Cost Index Historical Listing—Volume IV (TXT) (PDF).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Inflation-adjusted compensation costs rise 0.6 percent in private industry over the year at https://www.bls.gov/opub/ted/2014/ted_20141105.htm (visited October 31, 2024).