Friday, July 29, 2005
Tweet[IWS] BLS: EMPLOYMENT COST INDEX-JUNE 2005 [29 July 2005]
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-JUNE 2005 [29 July 2005]
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 0.7 percent
from March to June 2005, seasonally adjusted, the same increase as
occurred between December 2004 and March 2005, the Bureau of Labor
Statistics of the U.S. Department of Labor reported today. Benefit costs
between March and June rose 0.8 percent, compared with the gain for wages
and salaries of 0.6 percent. 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 civilian workers (nonfarm private and State and
local government).
Increases in benefit costs accounted for over 35 percent of the rise
in compensation costs for civilian workers from March to June 2005. Among
private industry workers, benefit costs contributed nearly 35 percent of
compensation gains during the quarter; compared with nearly 60 percent
from December 2004 to March 2005. Health insurance costs constituted
about 10 percent of the compensation gains during the quarter. Among
State and local government workers, benefit costs comprised nearly one-
half of compensation cost gains during the March to June period, virtually
unchanged from the December to March quarter. Health insurance costs
represented nearly one-third of the gain in compensation costs from March
to June 2005.
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-JUNE 2005 [29 July 2005]
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 0.7 percent
from March to June 2005, seasonally adjusted, the same increase as
occurred between December 2004 and March 2005, the Bureau of Labor
Statistics of the U.S. Department of Labor reported today. Benefit costs
between March and June rose 0.8 percent, compared with the gain for wages
and salaries of 0.6 percent. 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 civilian workers (nonfarm private and State and
local government).
Increases in benefit costs accounted for over 35 percent of the rise
in compensation costs for civilian workers from March to June 2005. Among
private industry workers, benefit costs contributed nearly 35 percent of
compensation gains during the quarter; compared with nearly 60 percent
from December 2004 to March 2005. Health insurance costs constituted
about 10 percent of the compensation gains during the quarter. Among
State and local government workers, benefit costs comprised nearly one-
half of compensation cost gains during the March to June period, virtually
unchanged from the December to March quarter. Health insurance costs
represented nearly one-third of the gain in compensation costs from March
to June 2005.
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 : 9:03 AM
