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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 - DECEMBER 2011 [31 January 2012]

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 December 2011, the U.S. Bureau of Labor Statistics reported today. Wages and salaries

(which make up about 70 percent of compensation costs) also increased 0.4 percent, and benefits (which

make up the remaining 30 percent of compensation) increased 0.6 percent.

 

Civilian Workers

 

     Compensation costs for civilian workers increased 2.0 percent for the 12-month period ending

December 2011, the same as the increase a year earlier in December 2010. Wages and salaries increased

1.4 percent for the current 12-month period. In December 2010 the increase was 1.6 percent. Benefit

costs increased 3.2 percent for the 12-month period ending December 2011. In December 2010, the

increase was 2.9 percent.

 

Private Industry Workers

 

     Compensation costs for private industry workers increased 2.2 percent over the year, compared to the

2.1 percent increase for the previous 12-month period. Wages and salaries increased 1.6 percent for the

current 12-month period.  The increase for the 12-month period ending December 2010 was 1.8 percent.

The increase in the cost of benefits was 3.6 percent for the 12-month period ending December 2011,

higher than the December 2010 increase of 2.9 percent. Employer costs for health benefits increased

3.5 percent for the 12-month period ending December 2011, lower than the December 2010 increase of

5.0 percent.

 

     Among occupational groups, compensation cost increases for private industry workers for the

12-month period ending December 2011 ranged from 1.7 percent for service occupations to 2.4 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 1.0 percent for leisure and hospitality to 2.8 percent for manufacturing.

 

State and Local Government Workers

 

     Compensation costs for state and local government workers decelerated over the year. In December

2011, the increase for the 12-month period was 1.3 percent. In December 2010, the increase for the

12-month period was 1.8 percent. Values for this series—which began in June 1982—have ranged from

the current period’s 1.3 percent to 9.6 percent. Wages and salaries increased 1.0 percent for the

12-month period ending December 2011. A year earlier the increase was 1.2 percent. Prior values for this

series, which also began in June 1982, ranged from 1.0 percent to 8.5 percent. Benefit costs increased

2.1 percent in December 2011, down from the December 2010 increase of 2.9 percent. Prior values for

this series, which began in June 1990, ranged from 1.2 percent to 8.3 percent.

 

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The Employment Cost Index for March 2012 is scheduled to be released on

Friday, April 27, 2012, at 8:30 a.m. (EST).

 

AND MUCH MORE...including TABLES....

 

 

 

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