Friday, April 28, 2006
Tweet[IWS] BLS: EMPLOYMENT COST INDEX-MARCH 2006 [28 April 2006]
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-MARCH 2006 [28 April 2006]
http://www.bls.gov/news.release/eci.nr0.htm
or
http://www.bls.gov/news.release/pdf/eci.pdf
[full-text, 26 pages]
and
Supplemental Files Table of Contents
http://www.bls.gov/web/eci.supp.toc.htm
Total compensation costs for civilian workers increased 0.6 percent from December 2005
to March 2006, seasonally adjusted, compared with the 0.8 percent gain from September to
December 2005, the Bureau of Labor Statistics of the U.S. Department of Labor
reported today. Benefit costs between December and March rose 0.5 percent, decelerating
from the gain of 0.9 percent from the previous quarter. Wages and salaries increased
0.7 percent during the quarter, the same increase as the previous quarter. 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 industry and state and
local government).
Beginning with this release, the Employment Cost Index has introduced a number of
changes. Among the most significant, data are based on new industry and occupational
classifications: the 2002 North American Industry Classification System (NAICS) and the
2000 Standard Occupational Classification (SOC) system. These systems replace the
1987 Standard Industrial Classification (SIC) system and the 1990 Occupational Classification
System (OCS) based on the Census of Population. The tables are reordered and renumbered;
for a crosswalk between the old and new tables see the BLS website
http://www.bls.gov/ncs/ect/ecicrswlk.htm. Estimates for "excluding incentive paid occupations"
and nine census divisions are added. In addition, all series are rebased to
December 2005 = 100 from June 1989 = 100. See page 2 for additional information.
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-MARCH 2006 [28 April 2006]
http://www.bls.gov/news.release/eci.nr0.htm
or
http://www.bls.gov/news.release/pdf/eci.pdf
[full-text, 26 pages]
and
Supplemental Files Table of Contents
http://www.bls.gov/web/eci.supp.toc.htm
Total compensation costs for civilian workers increased 0.6 percent from December 2005
to March 2006, seasonally adjusted, compared with the 0.8 percent gain from September to
December 2005, the Bureau of Labor Statistics of the U.S. Department of Labor
reported today. Benefit costs between December and March rose 0.5 percent, decelerating
from the gain of 0.9 percent from the previous quarter. Wages and salaries increased
0.7 percent during the quarter, the same increase as the previous quarter. 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 industry and state and
local government).
Beginning with this release, the Employment Cost Index has introduced a number of
changes. Among the most significant, data are based on new industry and occupational
classifications: the 2002 North American Industry Classification System (NAICS) and the
2000 Standard Occupational Classification (SOC) system. These systems replace the
1987 Standard Industrial Classification (SIC) system and the 1990 Occupational Classification
System (OCS) based on the Census of Population. The tables are reordered and renumbered;
for a crosswalk between the old and new tables see the BLS website
http://www.bls.gov/ncs/ect/ecicrswlk.htm. Estimates for "excluding incentive paid occupations"
and nine census divisions are added. In addition, all series are rebased to
December 2005 = 100 from June 1989 = 100. See page 2 for additional information.
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 : 8:41 AM
