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Compensation costs up 4.5 percent from June 2022 to June 2023

August 01, 2023

Compensation costs for civilian workers increased 4.5 percent for the 12 months ending June 2023, compared with an increase of 5.1 percent for the year ending in June 2022.

12-month percent change in employment costs for civilian workers, June 2013–June 2023
Month Total compensation Wages and salaries Total benefits

Jun 2013

1.9 1.7 2.2

Sep 2013

1.9 1.6 2.2

Dec 2013

2.0 1.9 2.2

Mar 2014

1.8 1.6 2.1

Jun 2014

2.0 1.8 2.5

Sep 2014

2.2 2.1 2.4

Dec 2014

2.2 2.1 2.6

Mar 2015

2.6 2.6 2.7

Jun 2015

2.0 2.1 1.8

Sep 2015

2.0 2.1 1.8

Dec 2015

2.0 2.1 1.7

Mar 2016

1.9 2.0 1.7

Jun 2016

2.3 2.5 2.0

Sep 2016

2.3 2.4 2.3

Dec 2016

2.2 2.3 2.1

Mar 2017

2.4 2.5 2.2

Jun 2017

2.4 2.3 2.5

Sep 2017

2.5 2.5 2.4

Dec 2017

2.6 2.5 2.5

Mar 2018

2.7 2.7 2.6

Jun 2018

2.8 2.8 2.9

Sep 2018

2.8 2.9 2.6

Dec 2018

2.9 3.1 2.8

Mar 2019

2.8 2.9 2.6

Jun 2019

2.7 2.9 2.3

Sep 2019

2.8 2.9 2.3

Dec 2019

2.7 2.9 2.2

Mar 2020

2.8 3.1 2.1

Jun 2020

2.7 2.9 2.2

Sep 2020

2.4 2.5 2.3

Dec 2020

2.5 2.6 2.3

Mar 2021

2.6 2.7 2.5

Jun 2021

2.9 3.2 2.2

Sep 2021

3.7 4.2 2.5

Dec 2021

4.0 4.5 2.8

Mar 2022

4.5 4.7 4.1

Jun 2022

5.1 5.3 4.8

Sep 2022

5.0 5.1 4.9

Dec 2022

5.1 5.1 4.9

Mar 2023

4.8 5.0 4.5

Jun 2023

4.5 4.6 4.2

Wages and salaries were up 4.6 percent for the 12-month period ending in June 2023 after rising 5.3 percent for the 12-month period ending June 2022. Costs for benefits rose 4.2 percent in June 2023 following a 4.8-percent increase in the year prior.

The most recent numbers reflect a slower increase in compensation costs, compared with the faster growth in wages and benefit costs during the COVID-19 pandemic.

These data are from the Employment Cost Index program. To learn more, see "Employment Cost Index — June 2023." We also have more charts on the Employment Cost Index. Civilian workers are defined as all private industry workers plus all state and local government workers. Total compensation costs are the sum of wages and salaries plus benefits costs.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs up 4.5 percent from June 2022 to June 2023 at https://www.bls.gov/opub/ted/2023/compensation-costs-up-4-5-percent-from-june-2022-to-june-2023.htm (visited March 04, 2024).

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