Tuesday, April 30, 2013

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[IWS] BLS: EMPLOYMENT COST INDEX - MARCH 2013 [30 April 2013]

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 - MARCH 2013 [30 April 2013]

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 0.3 percent, seasonally adjusted, for the 3-month

period ending March 2013, essentially unchanged from the 0.4 percent increase for the December 2012

3-month period.  Wages and salaries increased 0.5 percent for the current period compared to a

0.3 percent increase for the December 2012 period. Benefit costs decelerated to 0.1 percent in

March 2013, down from 0.6 percent in December 2012.

 

Civilian Workers

 

Compensation costs for civilian workers increased 1.8 percent for the 12-month period ending

March 2013, essentially unchanged from the March 2012 increase of 1.9 percent. Wages and salaries 

increased 1.6 percent for the current 12-month period. In March 2012 the increase was 1.7 percent.

Benefit costs increased 1.9 percent for the 12-month period ending March 2013, down from the

March 2012 increase of 2.7 percent.

 

               Benefits Data for Sales and Office Occupations Unavailable

BLS has discovered an error in the benefits data for March 2013 primarily affecting private industry

benefits data for sales and office occupations. As a result, benefits estimates for March 2013 have been

temporarily suppressed for sales and office occupations found in tables 3 and 12 of this news release.

Other benefit and compensation data may also be affected by this error. Details regarding the availability

of corrected data are at www.bls.gov/bls/eci_corrections_043013.htm.

 

Private Industry Workers

 

Compensation costs for private industry workers increased 1.7 percent over the year. In March 2012 the

12-month increase was 2.1 percent. Wages and salaries increased 1.7 percent for the current 12-month

period. For the 12-month period ending March 2012, the increase was 1.9 percent. The increase in the

cost of benefits was 1.5 percent for the 12-month period ending March 2013, down from the

March 2012 increase of 2.8 percent.

 

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

12-month period ending March 2013 ranged from 1.6 percent for sales and office occupations and

service occupations to 1.9 percent for natural resources, construction, and maintenance occupations.

 

Among industry supersectors, compensation cost increases for private industry workers for the current

12-month period ranged from 0.9 percent for leisure and hospitality to 2.2 percent for information.

 

State and Local Government Workers

 

Compensation costs for state and local government workers increased 1.9 percent for the 12-month

period ending March 2013. In March 2012 the increase was 1.5 percent. Wages and salaries increased

1.0 percent for the 12-month period ending March 2013, the same as the March 2012 change. Prior

values for this series, which began in June 1982, ranged from 1.0 percent to 8.5 percent. Benefit costs

increased 3.5 percent in March 2013, up from the March 2012 increase of 2.3 percent.

 

 

________________________

 

The Employment Cost Index for June 2013 is scheduled to be released on

Wednesday, July 31, 2013, at 8:30 a.m. (EDT)

 

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.

 




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