Friday, July 31, 2009
Tweet[IWS] BLS: EMPLOYMENT COST INDEX - JUNE 2009 [31 July 2009]
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 2009 [31 July 2009]
http://www.bls.gov/news.release/eci.nr0.htm
or
http://www.bls.gov/news.release/pdf/eci.pdf
[full-text, 21 pages]
Compensation costs for civilian workers increased 0.4 percent, seasonally adjusted, for the 3-month period
ending June 2009, the U.S. Bureau of Labor Statistics reported today. Wages and salaries--which make up about
70 percent of compensation--also increased 0.4 percent for the 3-month period ending June 2009. Benefit costs--which
make up the remaining 30 percent of compensation--increased 0.3 percent.
Civilian Worker Data
Compensation costs for civilian workers increased 1.8 percent for the 12-month period ending June 2009. This
was smaller than the 3.1 percent increase for the 12-month period ending in June 2008. Wages and salaries increased
1.8 percent for the current 12-month period, slowing from a 3.2 percent increase for the 12-month period ending in
June 2008. Benefit costs rose 1.8 percent, down from a 2.9 percent increase for the 12-month period ending June 2008.
Private Industry Worker Data
Compensation costs for private industry workers increased 1.5 percent for the 12-month period ending June 2009.
This is the smallest percent change published for this series since it began in 1980. The deceleration of cost
increases was evident in both wages and salaries as well as benefits, registering the smallest increases published
in the series history. The wage and salary series, which began in 1975, increased 1.6 percent for the current 12-month
period. The cost of benefits, which has been measured since 1980, increased 1.3 percent for the 12-month period ending
June 2009. Employer costs for health benefits increased 4.4 percent for the 12-month period ending June 2009. In June
2008, the 12-month percent change was 4.2 percent.
Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending
June 2009 ranged from 0.7 percent for sales and office workers to 2.0 percent for both production, transportation, and
material moving occupations and service occupations.
Among industries, compensation cost increases for private industry workers for the current 12-month period ranged
from 0.6 percent for financial activities to 2.5 percent for the leisure and hospitality industry.
The Employment Cost Index for September 2009 is scheduled to be released on Friday, October 30, 2009, at 8:30 a.m. (EDT).
AND MUCH MORE...including CHARTS & 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 2009 [31 July 2009]
http://www.bls.gov/news.release/eci.nr0.htm
or
http://www.bls.gov/news.release/pdf/eci.pdf
[full-text, 21 pages]
Compensation costs for civilian workers increased 0.4 percent, seasonally adjusted, for the 3-month period
ending June 2009, the U.S. Bureau of Labor Statistics reported today. Wages and salaries--which make up about
70 percent of compensation--also increased 0.4 percent for the 3-month period ending June 2009. Benefit costs--which
make up the remaining 30 percent of compensation--increased 0.3 percent.
Civilian Worker Data
Compensation costs for civilian workers increased 1.8 percent for the 12-month period ending June 2009. This
was smaller than the 3.1 percent increase for the 12-month period ending in June 2008. Wages and salaries increased
1.8 percent for the current 12-month period, slowing from a 3.2 percent increase for the 12-month period ending in
June 2008. Benefit costs rose 1.8 percent, down from a 2.9 percent increase for the 12-month period ending June 2008.
Private Industry Worker Data
Compensation costs for private industry workers increased 1.5 percent for the 12-month period ending June 2009.
This is the smallest percent change published for this series since it began in 1980. The deceleration of cost
increases was evident in both wages and salaries as well as benefits, registering the smallest increases published
in the series history. The wage and salary series, which began in 1975, increased 1.6 percent for the current 12-month
period. The cost of benefits, which has been measured since 1980, increased 1.3 percent for the 12-month period ending
June 2009. Employer costs for health benefits increased 4.4 percent for the 12-month period ending June 2009. In June
2008, the 12-month percent change was 4.2 percent.
Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending
June 2009 ranged from 0.7 percent for sales and office workers to 2.0 percent for both production, transportation, and
material moving occupations and service occupations.
Among industries, compensation cost increases for private industry workers for the current 12-month period ranged
from 0.6 percent for financial activities to 2.5 percent for the leisure and hospitality industry.
The Employment Cost Index for September 2009 is scheduled to be released on Friday, October 30, 2009, at 8:30 a.m. (EDT).
AND MUCH MORE...including CHARTS & 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 : 8:42 AM
