Wednesday, April 30, 2014

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[IWS] BLS: EMPLOYMENT COST INDEX - MARCH 2014 [30 April 2014]

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

________________________________________________________________________

This service is supported, in part, by donations. Please consider making a donation by following the instructions at http://www.ilr.cornell.edu/iws/news-bureau/support.html

 

EMPLOYMENT COST INDEX - MARCH 2014 [30 April 2014]

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 2014, 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, and benefits (which

make up the remaining 30 percent of compensation) increased 0.4 percent.

 

Civilian Workers

 

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

2014. In March 2013, the increase in compensation costs was 1.9 percent. Prior values for this series,

which began in June 1982, ranged from 1.4 percent to 7.5 percent. Wages and salaries increased

1.6 percent for the 12-month period ending March 2014, unchanged from March 2013. Benefit costs

increased 2.1 percent for the 12-month period ending March 2014, compared with a 2.4 percent increase

for the 12-month period ending March 2013. 

 

Private Industry Workers

 

Compensation costs for private industry workers increased 1.7 percent over the year. In March 2013

the increase was 1.9 percent. Wages and salaries increased 1.7 percent for the current 12-month period

ending March 2014, unchanged from March 2013. The increase in the cost of benefits was 1.8 percent

for the 12-month period ending March 2014. In March 2013, the increase in the cost of benefits was 2.0

percent. Employer costs for health benefits increased 2.4 percent over the year. In March 2013 the

increase was 3.0 percent.

 

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

12-month period ending March 2014 ranged from 1.1 percent for service occupations to 1.9 percent for

management, professional, and related; natural resource, construction, and maintenance; and production,

transportation, and material moving occupations. 

 

Among industry supersectors, compensation costs for private industry workers for the current 12-

month period ranged from 0.8 percent for information to a 2.3 percent increase for trade, transportation,

and utilities. 

 

State and Local Government Workers

 

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

period ending March 2014, unchanged from March 2013. Wages and salaries increased 1.2 percent for

the 12-month period ending March 2014, compared with 1.0 percent in March 2013. Benefit costs

increased 3.0 percent in March 2014. In March 2013, the increase was 3.5 percent.

 

________________

 

The Employment Cost Index for June 2014 is scheduled to be released on

Thursday, July 31, 2014, 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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