Wages and salaries for private industry workers increase 2.6 percent over the year ended June 2016

August 02, 2016

Compensation costs for private industry workers increased 2.4 percent over the year ended June 2016. Wages and salaries, which make up about 70 percent of total compensation, increased 2.6 percent over the 12 months. Benefits, which make up the remaining 30 percent of compensation costs, increased 1.7 percent. Each of these increases was greater than the increases recorded in the prior year. From June 2014 to June 2015, costs for wages and salaries for private industry workers increased 2.2 percent and costs for benefits increased 1.4 percent.

12-month percent change in compensation costs for wages and salaries and benefits, by ownership, March 2006–June 2016
Quarter Private industry State and local government
 Wages and salaries Benefits  Wages and salaries Benefits

Mar 2006

2.4% 3.0% 2.8% 5.4%

Jun 2006

2.8 2.7 3.1 5.5

Sep 2006

3.0 2.8 3.7 5.2

Dec 2006

3.2 3.1 3.5 5.2

Mar 2007

3.6 2.2 3.8 6.3

Jun 2007

3.3 2.6 3.8 6.6

Sep 2007

3.4 2.4 3.5 6.0

Dec 2007

3.3 2.4 3.5 5.5

Mar 2008

3.2 3.2 3.5 4.1

Jun 2008

3.1 2.6 3.4 3.5

Sep 2008

2.9 2.4 3.5 3.3

Dec 2008

2.6 2.0 3.1 2.9

Mar 2009

2.0 1.6 3.0 3.4

Jun 2009

1.6 1.3 3.0 3.5

Sep 2009

1.4 1.1 1.9 3.1

Dec 2009

1.3 0.9 1.9 3.1

Mar 2010

1.5 2.0 1.6 2.5

Jun 2010

1.6 2.4 1.3 2.5

Sep 2010

1.6 2.8 1.2 2.8

Dec 2010

1.8 2.9 1.2 2.9

Mar 2011

1.6 3.0 1.2 3.3

Jun 2011

1.7 4.0 1.2 3.0

Sep 2011

1.7 3.3 1.0 2.5

Dec 2011

1.6 3.6 1.0 2.1

Mar 2012

1.9 2.8 1.0 2.3

Jun 2012

1.8 1.9 1.1 2.7

Sep 2012

1.8 2.2 1.1 3.2

Dec 2012

1.7 2.0 1.1 3.4

Mar 2013

1.7 2.0 1.0 3.5

Jun 2013

1.9 1.9 1.0 3.3

Sep 2013

1.8 2.0 0.9 2.9

Dec 2013

2.1 1.9 1.1 3.3

Mar 2014

1.7 1.8 1.2 3.0

Jun 2014

1.9 2.4 1.3 3.2

Sep 2014

2.3 2.3 1.6 3.0

Dec 2014

2.2 2.5 1.6 2.9

Mar 2015

2.8 2.6 1.8 2.8

Jun 2015

2.2 1.4 1.9 2.7

Sep 2015

2.1 1.4 1.8 3.0

Dec 2015

2.1 1.3 1.8 3.5

Mar 2016

2.0 1.2 1.8 3.5

Jun 2016

2.6 1.7 1.7 3.4

Compensation costs for state and local government workers increased 2.3 percent for the 12-month period ending in June 2016. Costs for wages and salaries for state and local government workers increased 1.7 percent and the cost of their benefits increased 3.4 percent. 

These data are from the Employment Cost Trends program and are not seasonally adjusted. To learn more, see "Employment Cost Index—June 2016" (HTML) (PDF) and charts related to the Employment Cost Index news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Wages and salaries for private industry workers increase 2.6 percent over the year ended June 2016 on the Internet at https://www.bls.gov/opub/ted/2016/wages-and-salaries-for-private-industry-workers-increase-2-point-6-percent-over-the-year-ended-june-2016.htm (visited December 18, 2017).

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