Tuesday, October 31, 2006
Tweet[IWS] BLS: EMPLOYMENT COST INDEX-SEPTEMBER 2006 [31 October 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-SEPTEMBER 2006 [31 October 2006]
http://www.bls.gov/news.release/eci.nr0.htm
or
http://www.bls.gov/news.release/pdf/eci.pdf
[full-text, 25 pages]
and
Supplemental Files Table of Contents
http://www.bls.gov/web/eci.supp.toc.htm
Total compensation costs for civilian workers increased 1.0 percent from June
to September 2006, seasonally adjusted, virtually unchanged from the 0.9 percent gain
from March to June, the Bureau of Labor Statistics of the U.S. Department of Labor
reported today. Benefit costs between June and September rose 1.1 percent, compared
with the gain of 0.8 percent from the previous quarter. Wages and salaries increased
0.9 percent during the quarter, unchanged from the gain of 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).
Increases in benefit costs accounted for one-third of the rise in compensation costs
for civilian workers from June to September 2006. Among private industry workers, benefit
costs attributed about one-fourth of the compensation gains during the quarter.
Among state and local government workers, benefit costs comprised approximately two-fifths
of the compensation cost gains during the June to September quarter. Health insurance
costs and defined benefit contributions represented over one-quarter of the gain in
compensation costs for state and local government workers from June to September 2006.
Quarterly changes, seasonally adjusted
Compensation costs for the private sector rose 0.9 percent from June to September, after
advancing 0.8 percent in the prior quarter. For state and local government workers,
compensation costs increased 1.4 percent from June to September, after increasing
1.1 percent for the quarter ended in June. (See tables A and 1.)
Wages and salaries of civilian workers increased 0.9 percent during the September
quarter, unchanged from the gain of the June quarter. Wages and salaries for private
industry workers rose 0.8 percent for the September quarter, compared with an increase of
0.9 percent in the prior quarter. Wages and salaries in state and local government
advanced 1.4 percent during the June to September period, higher than the 0.9 percent
gain in the prior quarter. (See tables A and 2.)
Benefit costs advanced 1.1 percent for civilian workers in the September
quarter, compared with a 0.8 percent gain in the June quarter. Private sector benefit
costs rose 1.0 percent for the September quarter, following a 0.7 percent gain in the
previous quarter. Benefit costs for state and local government workers increased 1.5
percent in the September quarter, unchanged from the gain in June. (See tables A and 3.)
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----------------- 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 2006 [31 October 2006]
http://www.bls.gov/news.release/eci.nr0.htm
or
http://www.bls.gov/news.release/pdf/eci.pdf
[full-text, 25 pages]
and
Supplemental Files Table of Contents
http://www.bls.gov/web/eci.supp.toc.htm
Total compensation costs for civilian workers increased 1.0 percent from June
to September 2006, seasonally adjusted, virtually unchanged from the 0.9 percent gain
from March to June, the Bureau of Labor Statistics of the U.S. Department of Labor
reported today. Benefit costs between June and September rose 1.1 percent, compared
with the gain of 0.8 percent from the previous quarter. Wages and salaries increased
0.9 percent during the quarter, unchanged from the gain of 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).
Increases in benefit costs accounted for one-third of the rise in compensation costs
for civilian workers from June to September 2006. Among private industry workers, benefit
costs attributed about one-fourth of the compensation gains during the quarter.
Among state and local government workers, benefit costs comprised approximately two-fifths
of the compensation cost gains during the June to September quarter. Health insurance
costs and defined benefit contributions represented over one-quarter of the gain in
compensation costs for state and local government workers from June to September 2006.
Quarterly changes, seasonally adjusted
Compensation costs for the private sector rose 0.9 percent from June to September, after
advancing 0.8 percent in the prior quarter. For state and local government workers,
compensation costs increased 1.4 percent from June to September, after increasing
1.1 percent for the quarter ended in June. (See tables A and 1.)
Wages and salaries of civilian workers increased 0.9 percent during the September
quarter, unchanged from the gain of the June quarter. Wages and salaries for private
industry workers rose 0.8 percent for the September quarter, compared with an increase of
0.9 percent in the prior quarter. Wages and salaries in state and local government
advanced 1.4 percent during the June to September period, higher than the 0.9 percent
gain in the prior quarter. (See tables A and 2.)
Benefit costs advanced 1.1 percent for civilian workers in the September
quarter, compared with a 0.8 percent gain in the June quarter. Private sector benefit
costs rose 1.0 percent for the September quarter, following a 0.7 percent gain in the
previous quarter. Benefit costs for state and local government workers increased 1.5
percent in the September quarter, unchanged from the gain in June. (See tables A and 3.)
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 : 9:37 AM
