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Compensation costs for private industry workers increased 2.9 percent over the year ending June 2018

August 02, 2018

From June 2017 to June 2018, total compensation costs for private industry workers increased 2.9 percent. Over the same period, wages and salaries increased 2.9 percent and benefits costs increased 2.8 percent.

12-month percent changes in selected Employment Cost Indexes, current and inflation-adjusted dollars, private industry, June 2008–June 2018
Quarter Current dollars Constant or inflation-adjusted dollars
Compensation Wages and salaries Benefits Compensation Wages and salaries Benefits

Jun 2008

3.0% 3.1% 2.6% -1.9% -1.8% -2.2%

Sep 2008

2.8 2.9 2.4 -2.0 -1.8 -2.4

Dec 2008

2.4 2.6 2.0 2.4 2.5 1.8

Mar 2009

1.9 2.0 1.6 2.3 2.5 1.9

Jun 2009

1.5 1.6 1.3 2.9 3.1 2.7

Sep 2009

1.2 1.4 1.1 2.6 2.5 2.4

Dec 2009

1.2 1.3 0.9 -1.5 -1.4 -1.7

Mar 2010

1.6 1.5 2.0 -0.7 -0.9 -0.2

Jun 2010

1.9 1.6 2.4 0.8 0.6 1.4

Sep 2010

2.0 1.6 2.8 0.9 0.6 1.6

Dec 2010

2.1 1.8 2.9 0.5 0.2 1.4

Mar 2011

2.0 1.6 3.0 -0.7 -1.0 0.2

Jun 2011

2.3 1.7 4.0 -1.2 -1.9 0.3

Sep 2011

2.1 1.7 3.3 -1.7 -2.2 -0.5

Dec 2011

2.2 1.6 3.6 -0.7 -1.3 0.5

Mar 2012

2.1 1.9 2.8 -0.5 -0.8 0.2

Jun 2012

1.8 1.8 1.9 0.2 0.2 0.3

Sep 2012

1.9 1.8 2.2 0.0 -0.1 0.2

Dec 2012

1.8 1.7 2.0 0.1 0.1 0.3

Mar 2013

1.9 1.7 2.0 0.4 0.3 0.5

Jun 2013

1.9 1.9 1.9 0.1 0.1 0.1

Sep 2013

1.9 1.8 2.0 0.7 0.6 0.8

Dec 2013

2.0 2.1 1.9 0.5 0.5 0.5

Mar 2014

1.7 1.7 1.8 0.2 0.2 0.3

Jun 2014

2.0 1.9 2.4 0.0 -0.1 0.3

Sep 2014

2.3 2.3 2.3 0.6 0.6 0.7

Dec 2014

2.3 2.2 2.5 1.5 1.4 1.7

Mar 2015

2.8 2.8 2.6 2.7 2.8 2.7

Jun 2015

1.9 2.2 1.4 1.8 2.0 1.3

Sep 2015

1.9 2.1 1.4 1.9 2.1 1.4

Dec 2015

1.9 2.1 1.3 1.2 1.4 0.6

Mar 2016

1.8 2.0 1.2 1.0 1.2 0.3

Jun 2016

2.4 2.6 1.7 1.4 1.6 0.7

Sep 2016

2.3 2.4 1.8 0.8 1.0 0.3

Dec 2016

2.2 2.3 1.8 0.1 0.3 -0.4

Mar 2017

2.3 2.6 1.9 0.0 0.1 -0.5

Jun 2017

2.4 2.4 2.2 0.7 0.7 0.5

Sep 2017

2.5 2.6 2.4 0.3 0.4 0.2

Dec 2017

2.6 2.8 2.3 0.5 0.6 0.3

Mar 2018

2.8 2.9 2.5 0.4 0.6 0.2

Jun 2018

2.9 2.9 2.8 0.0 0.1 0.0

After adjusting for inflation, total compensation costs for private industry workers were unchanged over the period from June 2017 to June 2018, with wages and salaries increasing 0.1 percent and benefit costs unchanged.

These data are from the Employment Cost Trends program and are not seasonally adjusted. To learn more, see “Employment Cost Index—June 2018“ and charts related to the Employment Cost Index news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs for private industry workers increased 2.9 percent over the year ending June 2018 on the Internet at https://www.bls.gov/opub/ted/2018/compensation-costs-for-private-industry-workers-increased-2-point-9-percent-over-the-year-ending-june-2018.htm (visited November 30, 2020).

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