Friday, April 27, 2007
Tweet[IWS] BLS: EMPLOYMENT COST INDEX-MARCH 2007 [27 April 2007]
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 2007 [27 April 2007]
http://www.bls.gov/news.release/eci.nr0.htm
or
http://www.bls.gov/news.release/pdf/eci.pdf
[full-text, 22 pages]
and
Supplemental Files Table of Contents
http://www.bls.gov/web/eci.supp.toc.htm
Total compensation costs for civilian workers increased 0.8 percent from
December 2006 to March 2007, seasonally adjusted, the Bureau of Labor Statistics of
the U.S. Department of Labor reported today. This was about the same as the 0.9
percent increase for the September to December 2006 period. Wages and salaries rose
1.1 percent for the three-month period, compared with 0.7 percent for the previous
period. Benefit costs changed by 0.1 percent, after an increase of 1.1 percent during
the previous three-month period. 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 wages and salaries accounted for 84 percent of the rise in
compensation costs for civilian workers from December 2006 to March 2007, not
seasonally adjusted. Among private industry workers, wages and salaries comprised
96 percent of the compensation gain. In state and local government, wages and
salaries accounted for 40 percent of the change in compensation. In state and local
government, benefit increases were due primarily to increases in defined benefits
and health benefits.
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-MARCH 2007 [27 April 2007]
http://www.bls.gov/news.release/eci.nr0.htm
or
http://www.bls.gov/news.release/pdf/eci.pdf
[full-text, 22 pages]
and
Supplemental Files Table of Contents
http://www.bls.gov/web/eci.supp.toc.htm
Total compensation costs for civilian workers increased 0.8 percent from
December 2006 to March 2007, seasonally adjusted, the Bureau of Labor Statistics of
the U.S. Department of Labor reported today. This was about the same as the 0.9
percent increase for the September to December 2006 period. Wages and salaries rose
1.1 percent for the three-month period, compared with 0.7 percent for the previous
period. Benefit costs changed by 0.1 percent, after an increase of 1.1 percent during
the previous three-month period. 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 wages and salaries accounted for 84 percent of the rise in
compensation costs for civilian workers from December 2006 to March 2007, not
seasonally adjusted. Among private industry workers, wages and salaries comprised
96 percent of the compensation gain. In state and local government, wages and
salaries accounted for 40 percent of the change in compensation. In state and local
government, benefit increases were due primarily to increases in defined benefits
and health benefits.
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 : 8:58 AM
