Friday, October 29, 2010
Tweet[IWS] BLS: EMPLOYMENT COST INDEX - SEPTEMBER 2010 [29 October 2010]
IWS Documented News Service
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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
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EMPLOYMENT COST INDEX - SEPTEMBER 2010 [29 October 2010]
http://www.bls.gov/news.release/eci.nr0.htm
or
http://www.bls.gov/news.release/pdf/eci.pdf
[full-text, 21 pages]
and
Supplemental Files Table of Contents
http://www.bls.gov/web/eci.supp.toc.htm
Compensation costs for civilian workers increased 0.4 percent, seasonally adjusted, for
the 3-month period ending September 2010, the U.S. Bureau of Labor Statistics reported today.
Wages and salaries (which make up about 70 percent of compensation costs) increased 0.3 percent
while benefits (which make up the remaining 30 percent of compensation) increased 0.6 percent.
Civilian Workers
Compensation costs for civilian workers increased 1.9 percent for the 12-month period ending
September 2010. In September 2009, the increase was 1.5 percent. Wages and salaries increased 1.5
percent for the current 12-month period, the same as for the 12-month period ending in September
2009. Benefit costs accelerated to 2.7 percent, up from a 1.6 percent increase for the 12-month
period ending September 2009.
Private Industry Workers
Compensation costs for private industry workers increased 2.0 percent for the 12-month
period ending September 2010, higher than the 1.2 percent increase for the 12-month period ending
September 2009. The wage and salary series increased 1.6 percent for the current 12-month period.
The change for the period ending September 2009 was 1.4 percent. The cost of benefits increased
2.8 percent for the 12-month period ending September 2010, higher than the September 2009
increase of 1.1 percent. Employer costs for health benefits rose 4.8 percent for the 12-month
period ending September 2010. In September 2009, the 12-month percent change was 4.7 percent.
Among occupational groups, compensation cost increases for private industry workers for the
12-month period ending September 2010 ranged from 1.4 percent for service occupations to 2.5
percent for production, transportation, and material moving occupations.
Among industry supersectors, compensation cost increases for private industry workers for
the current 12-month period ranged from 1.1 percent for leisure and hospitality to 2.9 percent
for manufacturing.
State and Local Government Workers
Compensation cost increases for State and local government workers decelerated to 1.7
percent for the 12-month period ending September 2010, down from 2.4 percent for the 12-month
period ending September 2009. Prior to this quarter, published values for this series, which
began in June 1982, ranged from 1.8 percent in June 2010 to 9.6 percent in June 1982. The
slowdown in compensation was due to wages and salaries, which increased 1.1 percent. Prior
published values for this series, which also began in June 1982, ranged from 1.4 percent in
June 2010 to 8.5 percent in June 1982. Benefit costs increased 2.7 percent. Prior published
values for this series, which began in June 1990, ranged from 1.2 percent in December 1997
to 8.3 percent in June 1990.
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The Employment Cost Index for December 2010 is scheduled to be released on Friday,
January 28, 2011, at 8:30 a.m. (EST).
Information in this release will be made available to sensory impaired individuals upon
request--Voice phone: (202) 691-5200; Federal Relay Service: (800) 877-8339.
BLS news releases, including the ECI, are available through an e-mail subscription service
AND MORE...including TABLES....
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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.
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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
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