August 06, 2003 (The Editor’s Desk is updated each business day.) Benefit costs for State and local government workers jump over the yearBenefit costs for State and local government rose sharply for the year ending June 2003, increasing 6.8 percent, compared with an increase of 4.6 percent for the year ending June 2002. The over-the-year increase in wages and salaries for June 2003 was 3.1 percent in State and local government, compared with a gain of 3.2 percent for June 2002. These data are from the BLS Compensation Cost Trends program. The data in this article are not seasonally adjusted. Learn more in "Employment Cost Index—June 2003" (PDF) (TXT), news release USDL 03-402. Â Related TED article: |
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