Thursday, January 31, 2008
Tweet[IWS] BLS: EMPLOYMENT COST INDEX-DECEMBER 2007 [31 January 2008]
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-DECEMBER 2007 [31 January 2008]
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 September to
December 2007, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department
of Labor reported today. This was the same increase as the June to September period. Both
components of compensation rose about the same amount--wages and salaries rose 0.8 percent
and benefits rose 0.9 percent. In the previous quarter, both wages and salaries and benefits
increased 0.8 percent. The Employment Cost Index (ECI), a product of the National
Compensation Survey, measures quarterly changes in compensation costs for civilian workers
(nonfarm private industry and state and local government workers).
Quarterly changes, seasonally adjusted
Compensation costs for both private industry and state and local government rose
0.8 percent from September to December 2007, the same as for the prior quarter. Wages and
salaries for private industry workers increased 0.8 percent for the September to December 2007
period, the same as the previous quarter. In state and local government, the increase was
also 0.8 percent, compared with 1.0 percent in the prior quarter. Benefit costs for private
industry rose 0.9 percent, compared to 0.8 percent the previous quarter. For state and local
government, benefit costs increased 0.9 percent, compared to 0.7 percent in the previous quarter.
(See tables A, 1, 2, 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-DECEMBER 2007 [31 January 2008]
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 September to
December 2007, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department
of Labor reported today. This was the same increase as the June to September period. Both
components of compensation rose about the same amount--wages and salaries rose 0.8 percent
and benefits rose 0.9 percent. In the previous quarter, both wages and salaries and benefits
increased 0.8 percent. The Employment Cost Index (ECI), a product of the National
Compensation Survey, measures quarterly changes in compensation costs for civilian workers
(nonfarm private industry and state and local government workers).
Quarterly changes, seasonally adjusted
Compensation costs for both private industry and state and local government rose
0.8 percent from September to December 2007, the same as for the prior quarter. Wages and
salaries for private industry workers increased 0.8 percent for the September to December 2007
period, the same as the previous quarter. In state and local government, the increase was
also 0.8 percent, compared with 1.0 percent in the prior quarter. Benefit costs for private
industry rose 0.9 percent, compared to 0.8 percent the previous quarter. For state and local
government, benefit costs increased 0.9 percent, compared to 0.7 percent in the previous quarter.
(See tables A, 1, 2, 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 : 11:40 AM
