Tuesday, July 31, 2007
Tweet[IWS] BLS: EMPLOYMENT COST INDEX-JUNE 2007 [31 July 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-JUNE 2007 [31 July 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 0.9 percent from March to
June 2007, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department
of Labor reported today. This was about the same as the 0.8 percent increase for
the December 2006 to March 2007 period. Wages and salaries rose 0.8 percent from March
to June 2007, compared with 1.1 percent for the previous quarter. Benefit costs
increased 1.3 percent, up from 0.1 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).
Wage and salary costs, which account for 70 percent of total civilian compensation
costs, were responsible for 63 percent of the increase in compensation costs for
this quarter. In state and local government, wages and salaries make up 67 percent
of total compensation but were responsible for only 47 percent of the increase in
compensation. Benefit increases in state and local government accounted for a larger
portion of the change this quarter due primarily to increases in defined benefit
retirement plans and health benefits.
Quarterly changes, seasonally adjusted
For private industry, compensation costs rose 0.9 percent from March to June 2007,
compared to 0.6 percent for the prior quarter, while state and local government costs
increased 1.1 percent, compared to 1.3 percent for the quarter ended March 2007.
(See tables A and 1.)
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-JUNE 2007 [31 July 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 0.9 percent from March to
June 2007, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department
of Labor reported today. This was about the same as the 0.8 percent increase for
the December 2006 to March 2007 period. Wages and salaries rose 0.8 percent from March
to June 2007, compared with 1.1 percent for the previous quarter. Benefit costs
increased 1.3 percent, up from 0.1 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).
Wage and salary costs, which account for 70 percent of total civilian compensation
costs, were responsible for 63 percent of the increase in compensation costs for
this quarter. In state and local government, wages and salaries make up 67 percent
of total compensation but were responsible for only 47 percent of the increase in
compensation. Benefit increases in state and local government accounted for a larger
portion of the change this quarter due primarily to increases in defined benefit
retirement plans and health benefits.
Quarterly changes, seasonally adjusted
For private industry, compensation costs rose 0.9 percent from March to June 2007,
compared to 0.6 percent for the prior quarter, while state and local government costs
increased 1.1 percent, compared to 1.3 percent for the quarter ended March 2007.
(See tables A and 1.)
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 : 11:25 AM
