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Private industry compensation costs up 2.8 percent from March 2019 to March 2020

May 06, 2020

Compensation costs for private industry workers increased 2.8 percent from March 2019 to March 2020. In the year ended March 2019, the increase was also 2.8 percent. Wages and salaries increased 3.3 percent for the 12 month period ending in March 2020 and increased 3.0 percent in March 2019. The cost of benefits rose 1.6 percent for the 12-month period ending in March 2020 and increased 2.4 percent in March 2019.

 Wages and salaries, benefits, and total compensation in private industry, 12-month percent change
Month Wages and salaries Benefits Total compensation

Mar 2006

2.4% 3.0% 2.6%

Jun 2006

2.8 2.7 2.8

Sep 2006

3.0 2.8 3.0

Dec 2006

3.2 3.1 3.2

Mar 2007

3.6 2.2 3.2

Jun 2007

3.3 2.6 3.1

Sep 2007

3.4 2.4 3.1

Dec 2007

3.3 2.4 3.0

Mar 2008

3.2 3.2 3.2

Jun 2008

3.1 2.6 3.0

Sep 2008

2.9 2.4 2.8

Dec 2008

2.6 2.0 2.4

Mar 2009

2.0 1.6 1.9

Jun 2009

1.6 1.3 1.5

Sep 2009

1.4 1.1 1.2

Dec 2009

1.3 0.9 1.2

Mar 2010

1.5 2.0 1.6

Jun 2010

1.6 2.4 1.9

Sep 2010

1.6 2.8 2.0

Dec 2010

1.8 2.9 2.1

Mar 2011

1.6 3.0 2.0

Jun 2011

1.7 4.0 2.3

Sep 2011

1.7 3.3 2.1

Dec 2011

1.6 3.6 2.2

Mar 2012

1.9 2.8 2.1

Jun 2012

1.8 1.9 1.8

Sep 2012

1.8 2.2 1.9

Dec 2012

1.7 2.0 1.8

Mar 2013

1.7 2.0 1.9

Jun 2013

1.9 1.9 1.9

Sep 2013

1.8 2.0 1.9

Dec 2013

2.1 1.9 2.0

Mar 2014

1.7 1.8 1.7

Jun 2014

1.9 2.4 2.0

Sep 2014

2.3 2.3 2.3

Dec 2014

2.2 2.5 2.3

Mar 2015

2.8 2.6 2.8

Jun 2015

2.2 1.4 1.9

Sep 2015

2.1 1.4 1.9

Dec 2015

2.1 1.3 1.9

Mar 2016

2.0 1.2 1.8

Jun 2016

2.6 1.7 2.4

Sep 2016

2.4 1.8 2.3

Dec 2016

2.3 1.8 2.2

Mar 2017

2.6 1.9 2.3

Jun 2017

2.4 2.2 2.4

Sep 2017

2.6 2.4 2.5

Dec 2017

2.8 2.3 2.6

Mar 2018

2.9 2.5 2.8

Jun 2018

2.9 2.8 2.9

Sep 2018

3.1 2.5 2.9

Dec 2018

3.1 2.6 3.0

Mar 2019

3.0 2.4 2.8

Jun 2019

3.0 1.8 2.6

Sep 2019

3.0 2.0 2.7

Dec 2019

3.0 1.9 2.7

Mar 2020

3.3 1.6 2.8

These data are from the Employment Cost Trends program. They are not seasonally adjusted and not adjusted for changes in consumer prices. To learn more, see “Employment Cost Index — March 2020.” We have historical data on compensation cost changes adjusted for changes in consumer prices. We also have more charts on the Employment Cost Index. Compensation cost includes wages and salaries and benefits. Private industry workers exclude employees of state and local government.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Private industry compensation costs up 2.8 percent from March 2019 to March 2020 on the Internet at https://www.bls.gov/opub/ted/2020/private-industry-compensation-costs-up-2-point-8-percent-from-march-2019-to-march-2020.htm (visited August 05, 2020).

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