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Compensation costs for private industry workers up 5.5 percent from June 2021 to June 2022

August 02, 2022

Compensation costs for private industry workers increased 5.5 percent from June 2021 to June 2022. Wages and salaries rose 5.7 percent over this period, while the costs of benefits increased 5.3 percent. For state and local government workers, compensation costs increased 3.4 percent from June 2021 to June 2022.

12-month percent change in total compensation, wages and salaries, and benefits costs, in private industry and state and local government, March 2001–June 2022
Quarter Private industry Government
Total compensation Wages and salaries Benefits Total compensation Wages and salaries Benefits

Mar 2001

4.2% 3.8% 5.2% 3.3% 3.5% 2.9%

Jun 2001

4.0 3.6 4.9 3.7 3.8 3.4

Sep 2001

4.0 3.5 4.9 4.4 3.9 5.6

Dec 2001

4.1 3.8 5.2 4.1 3.8 5.1

Mar 2002

3.8 3.5 4.4 3.7 3.3 4.8

Jun 2002

4.0 3.6 4.8 3.4 3.2 4.6

Sep 2002

3.5 3.1 4.3 3.7 3.0 5.3

Dec 2002

3.1 2.6 4.2 4.1 3.1 6.3

Mar 2003

3.6 2.9 5.7 4.3 3.2 6.6

Jun 2003

3.5 2.6 5.8 4.3 3.1 6.8

Sep 2003

3.9 3.0 6.3 3.7 2.4 6.7

Dec 2003

4.0 3.1 6.5 3.5 2.2 6.3

Mar 2004

3.8 2.6 6.8 3.4 2.1 6.4

Jun 2004

3.9 2.7 7.3 3.5 2.1 6.6

Sep 2004

3.8 2.6 6.7 3.4 2.1 6.5

Dec 2004

3.8 2.6 6.7 3.6 2.1 6.7

Mar 2005

3.5 2.7 5.5 3.6 2.3 6.7

Jun 2005

3.1 2.5 4.7 3.5 2.3 6.3

Sep 2005

2.9 2.3 4.5 3.9 2.6 6.5

Dec 2005

2.9 2.5 4.0 4.1 3.1 6.3

Mar 2006

2.6 2.4 3.0 3.7 2.8 5.4

Jun 2006

2.8 2.8 2.7 3.8 3.1 5.5

Sep 2006

3.0 3.0 2.8 4.1 3.7 5.2

Dec 2006

3.2 3.2 3.1 4.1 3.5 5.2

Mar 2007

3.2 3.6 2.2 4.6 3.8 6.3

Jun 2007

3.1 3.3 2.6 4.8 3.8 6.6

Sep 2007

3.1 3.4 2.4 4.3 3.5 6.0

Dec 2007

3.0 3.3 2.4 4.1 3.5 5.5

Mar 2008

3.2 3.2 3.2 3.6 3.5 4.1

Jun 2008

3.0 3.1 2.6 3.5 3.4 3.5

Sep 2008

2.8 2.9 2.4 3.4 3.5 3.3

Dec 2008

2.4 2.6 2.0 3.0 3.1 2.9

Mar 2009

1.9 2.0 1.6 3.1 3.0 3.4

Jun 2009

1.5 1.6 1.3 3.1 3.0 3.5

Sep 2009

1.2 1.4 1.1 2.3 1.9 3.1

Dec 2009

1.2 1.3 0.9 2.3 1.9 3.1

Mar 2010

1.6 1.5 2.0 2.0 1.6 2.5

Jun 2010

1.9 1.6 2.4 1.7 1.3 2.5

Sep 2010

2.0 1.6 2.8 1.8 1.2 2.8

Dec 2010

2.1 1.8 2.9 1.8 1.2 2.9

Mar 2011

2.0 1.6 3.0 1.8 1.2 3.3

Jun 2011

2.3 1.7 4.0 1.7 1.2 3.0

Sep 2011

2.1 1.7 3.3 1.5 1.0 2.5

Dec 2011

2.2 1.6 3.6 1.3 1.0 2.1

Mar 2012

2.1 1.9 2.8 1.5 1.0 2.3

Jun 2012

1.8 1.8 1.9 1.6 1.1 2.7

Sep 2012

1.9 1.8 2.2 1.8 1.1 3.2

Dec 2012

1.8 1.7 2.0 1.9 1.1 3.4

Mar 2013

1.9 1.7 2.0 1.9 1.0 3.5

Jun 2013

1.9 1.9 1.9 1.8 1.0 3.3

Sep 2013

1.9 1.8 2.0 1.7 0.9 2.9

Dec 2013

2.0 2.1 1.9 1.9 1.1 3.3

Mar 2014

1.7 1.7 1.8 1.9 1.2 3.0

Jun 2014

2.0 1.9 2.4 2.0 1.3 3.2

Sep 2014

2.3 2.3 2.3 2.1 1.6 3.0

Dec 2014

2.3 2.2 2.5 2.0 1.6 2.9

Mar 2015

2.8 2.8 2.6 2.1 1.8 2.8

Jun 2015

1.9 2.2 1.4 2.2 1.9 2.7

Sep 2015

1.9 2.1 1.4 2.3 1.8 3.0

Dec 2015

1.9 2.1 1.3 2.5 1.8 3.5

Mar 2016

1.8 2.0 1.2 2.4 1.8 3.5

Jun 2016

2.4 2.6 1.7 2.3 1.7 3.4

Sep 2016

2.3 2.4 1.8 2.6 2.0 3.7

Dec 2016

2.2 2.3 1.8 2.4 2.1 3.1

Mar 2017

2.3 2.6 1.9 2.6 2.2 3.1

Jun 2017

2.4 2.4 2.2 2.6 2.1 3.2

Sep 2017

2.5 2.6 2.4 2.4 2.0 3.0

Dec 2017

2.6 2.8 2.3 2.5 2.1 3.2

Mar 2018

2.8 2.9 2.5 2.2 1.8 3.0

Jun 2018

2.9 2.9 2.8 2.3 1.9 3.1

Sep 2018

2.9 3.1 2.5 2.5 2.3 3.1

Dec 2018

3.0 3.1 2.6 2.6 2.4 3.1

Mar 2019

2.8 3.0 2.4 3.0 2.5 3.6

Jun 2019

2.6 3.0 1.8 3.0 2.5 3.6

Sep 2019

2.7 3.0 2.0 3.1 2.7 3.5

Dec 2019

2.7 3.0 1.9 2.9 2.5 3.3

Mar 2020

2.8 3.3 1.6 2.8 2.7 3.3

Jun 2020

2.7 2.9 2.0 2.7 2.6 3.1

Sep 2020

2.4 2.7 2.0 2.3 1.8 3.2

Dec 2020

2.6 2.8 2.1 2.3 1.8 3.1

Mar 2021

2.8 3.0 2.5 2.0 1.6 2.6

Jun 2021

3.1 3.5 2.0 2.0 1.6 2.6

Sep 2021

4.1 4.6 2.6 2.3 2.4 2.1

Dec 2021

4.4 5.0 2.9 2.6 2.7 2.5

Mar 2022

4.8 5.0 4.1 3.2 3.1 3.5

Jun 2022

5.5 5.7 5.3 3.4 3.2 3.6

For the year ended June 2022, among major industries, percent change increases occurred in wages and salaries for trade, transportation, and utilities (6.6 percent), professional and business services (5.4 percent), and education and health services (5.7 percent).

12-month percent change in wages and salaries for private industry workers, by industry, June 2022
Industry 12-month percent change

All industries

5.7%

Construction

4.4

Manufacturing

4.9

Trade, transportation, and utilities

6.6

Information

4.3

Financial activities

4.6

Professional and business services

5.4

Education and health services

5.7

Leisure and hospitality

8.2

Other services, except public administration

5.6

From June 2021 to June 2022, wages and salaries for private industry workers rose 8.2 percent in leisure and hospitality, down from 9.0 percent for the year ended in March 2022. Wages and salaries increased by less than 5.0 percent for the year ended June 2022 in construction (4.4 percent), manufacturing (4.9 percent), information (4.3 percent), and financial activities (4.6 percent).

These data are from the Employment Cost Trends program and are not seasonally adjusted. To learn more, see "Employment Cost Index — June 2022." We also have more charts on the Employment Cost Index.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs for private industry workers up 5.5 percent from June 2021 to June 2022 at https://www.bls.gov/opub/ted/2022/compensation-costs-for-private-industry-workers-up-5-5-percent-from-june-2021-to-june-2022.htm (visited August 16, 2022).

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