Friday, October 29, 2010

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[IWS] BLS: EMPLOYMENT COST INDEX - SEPTEMBER 2010 [29 October 2010]

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 - 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.

 

___________________________________________________________________________________________________

 

     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

at: www.bls.gov/bls/list.htm

 

 

AND 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                  
****************************************

 

 




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