Research >> Economics
Employment Cost Index up 0.4% in 3Q2013
Compensation costs for civilian workers increased 0.4 percent, seasonally adjusted, for the 3-month period ending September 2013, following a 0.5 percent increase in June, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.3 percent in the September quarter, similar to the 0.4 percent increase for the previous period. Benefits (which make up the remaining 30 percent of compensation) increased 0.7 percent, compared to a 0.4 percent increase for the 3-month period ending in June.
Posted: November 19, 2013 Tuesday 08:43 AM