Sunday, October 31, 2004
Tweet[IWS] EMPLOYMENT COST INDEX-SEPTEMBER 2004 [29 October 2004]
IWS Documented News Service
_______________________________
Institute for Workplace Studies Professor Samuel B. Bacharach
School of Industrial & Labor Relations Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor Stuart Basefsky
New York, NY 10016 Director, IWS News Bureau
________________________________________________________________________
EMPLOYMENT COST INDEX-SEPTEMBER 2004 [29 October 2004]
http://www.bls.gov/news.release/eci.nr0.htm
or
http://www.bls.gov/news.release/pdf/eci.pdf
[full-text, 18 pages]
and
Supplemental Files Table of Contents
http://www.bls.gov/web/eci.supp.toc.htm
Total compensation costs for civilian workers increased 0.9 percent
from June to September 2004, seasonally adjusted, the same as from March
to June 2004, the Bureau of Labor Statistics of the U.S. Department of
Labor reported today. Wage and salary costs increased 0.7 percent, while
benefit costs rose 1.1 percent, the smallest increase in benefit costs in
2004. The Employment Cost Index (ECI), a component of the National
Compensation Survey, measures quarterly changes in compensation costs,
which include wages, salaries, and employer costs for employee benefits
for nonfarm private and State and local government workers.
Rises in benefit costs accounted for a little less than 40 percent of
the increase in compensation costs for civilian workers from June to
September 2004. Among State and local government workers, benefit costs
contributed 55 percent of compensation gains during the June-to-September
period, with defined benefit retirement costs accounting for one-fourth of
the gain in compensation costs. Among private industry workers, benefit
costs were about three-tenths of compensation gains during the quarter,
comparable to the percent of total compensation costs contributed by
benefits.
Quarterly changes, seasonally adjusted
Compensation costs for the private sector rose 0.9 percent from June
to September 2004, after advancing 1.0 percent in the prior quarter.
September gains were led by durable manufacturing industries and wholesale
trade. For State and local government workers, the increase of
compensation costs moderated to 0.5 percent in September, compared with a
gain of 1.1 percent for the quarter ended in June. (See tables A and 1.)
Benefit costs increases slowed to 1.1 percent for civilian workers
(nonfarm private industry and State and local government) in the September
2004 quarter, following a gain of 1.8 percent in the June 2004 quarter.
Private sector benefit costs rose 1.0 percent for the September quarter,
moderating from the 1.7 percent gain in the previous quarter. Benefit
costs for State and local governments increased 1.4 percent in the
September quarter, following an increase of 1.9 percent in June 2004.
While gains in wages and salaries for civilian workers increased 0.7
percent during the September quarter, following a gain of 0.6 percent in
June, the gains for private industry and State and local government
workers varied. Wages and salaries for private industry workers rose 0.9
percent for the September quarter, following a more modest 0.6 percent
gain during the prior period. Wage and salary gains in wholesale
trade led the increase, while the retail trade industry and service
occupations had smaller gains. The change in State and local government
wages and salaries was 0.1 percent during the June-to-September period.
AND MUCH MORE...including TABLES....
_____________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky *
Director, IWS News Bureau *
Institute for Workplace Studies *
Cornell/ILR School *
16 E. 34th Street, 4th Floor *
New York, NY 10016 *
*
Telephone: (607) 255-2703 *
Fax: (607) 255-9641 *
E-mail: smb6@cornell.edu *
****************************************
_______________________________
Institute for Workplace Studies
School of Industrial & Labor Relations
Cornell University
16 East 34th Street, 4th floor
New York, NY 10016
________________________________________________________________________
EMPLOYMENT COST INDEX-SEPTEMBER 2004 [29 October 2004]
http://www.bls.gov/news.release/eci.nr0.htm
or
http://www.bls.gov/news.release/pdf/eci.pdf
[full-text, 18 pages]
and
Supplemental Files Table of Contents
http://www.bls.gov/web/eci.supp.toc.htm
Total compensation costs for civilian workers increased 0.9 percent
from June to September 2004, seasonally adjusted, the same as from March
to June 2004, the Bureau of Labor Statistics of the U.S. Department of
Labor reported today. Wage and salary costs increased 0.7 percent, while
benefit costs rose 1.1 percent, the smallest increase in benefit costs in
2004. The Employment Cost Index (ECI), a component of the National
Compensation Survey, measures quarterly changes in compensation costs,
which include wages, salaries, and employer costs for employee benefits
for nonfarm private and State and local government workers.
Rises in benefit costs accounted for a little less than 40 percent of
the increase in compensation costs for civilian workers from June to
September 2004. Among State and local government workers, benefit costs
contributed 55 percent of compensation gains during the June-to-September
period, with defined benefit retirement costs accounting for one-fourth of
the gain in compensation costs. Among private industry workers, benefit
costs were about three-tenths of compensation gains during the quarter,
comparable to the percent of total compensation costs contributed by
benefits.
Quarterly changes, seasonally adjusted
Compensation costs for the private sector rose 0.9 percent from June
to September 2004, after advancing 1.0 percent in the prior quarter.
September gains were led by durable manufacturing industries and wholesale
trade. For State and local government workers, the increase of
compensation costs moderated to 0.5 percent in September, compared with a
gain of 1.1 percent for the quarter ended in June. (See tables A and 1.)
Benefit costs increases slowed to 1.1 percent for civilian workers
(nonfarm private industry and State and local government) in the September
2004 quarter, following a gain of 1.8 percent in the June 2004 quarter.
Private sector benefit costs rose 1.0 percent for the September quarter,
moderating from the 1.7 percent gain in the previous quarter. Benefit
costs for State and local governments increased 1.4 percent in the
September quarter, following an increase of 1.9 percent in June 2004.
While gains in wages and salaries for civilian workers increased 0.7
percent during the September quarter, following a gain of 0.6 percent in
June, the gains for private industry and State and local government
workers varied. Wages and salaries for private industry workers rose 0.9
percent for the September quarter, following a more modest 0.6 percent
gain during the prior period. Wage and salary gains in wholesale
trade led the increase, while the retail trade industry and service
occupations had smaller gains. The change in State and local government
wages and salaries was 0.1 percent during the June-to-September period.
AND MUCH MORE...including TABLES....
_____________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 4:39 PM
