Keeping you up to date on the latest data releases.
- Employment Cost Index
Employer costs of compensation for civilian workers rose 0.4 percent (nonannualized) in the third quarter, following a 0.5 percent increase in the second quarter. The wages and salary component also increased 0.4 percent, in line with the second quarter’s 0.4 percent advance. The benefits component rose 0.8 percent in the third quarter. Year-over-year, civilian compensation advanced 1.9 percent in the third quarter and has averaged 1.9 percent since the recession ended. Civilian wages and salaries increased 1.7 percent over the past twelve months while benefits rose 2.6 percent. Year-over-year, private compensation grew 1.9 percent and has averaged 1.9 percent since the recession ended. Private wages and salaries increased 1.9 percent from the same time last year while benefits grew 2.4 percent. Looking across private industry groups, information posted the largest increase, 3.7 percent, while leisure and hospitality increased 0.8 from last year.