Employment Cost Index news release text
Technical Contact: USDL: 08-1048 (202) 691-6199 NCSinfo@bls.gov Media Contact: TRANSMISSION OF MATERIAL (202) 691-5902 IN THIS RELEASE IS EMBARGOED Internet address: UNTIL 8:30 AM EDT, http://www.bls.gov/ect THURSDAY, JULY 31, 2008 EMPLOYMENT COST INDEX-JUNE 2008 Total compensation costs for civilian workers increased 0.7 percent from March to June 2008, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today, the same as the increase from December 2007 to March 2008. Wages and salaries rose 0.7 percent and benefits rose 0.6 percent. In the previous quarter, wages and salaries increased 0.8 percent and benefits increased 0.6 percent. The Employment Cost Index (ECI), a product of the National Compensation Survey, measures quarterly changes in compensation costs for civilian workers (nonfarm private industry and state and local government workers). Table A. 3-month percent changes in the Employment Cost Index, seasonally adjusted Compensation Sep. Dec. Mar. June Sep. Dec. Mar. June component 2006 2006 2007 2007 2007 2007 2008 2008 Civilian workers Compensation costs 1.0 0.8 0.8 0.9 0.8 0.8 0.7 0.7 Wages and salaries 0.9 0.8 1.0 0.8 0.8 0.8 0.8 0.7 Benefit costs 1.0 1.0 0.2 1.3 0.8 0.8 0.6 0.6 Private industry Compensation costs 0.9 0.8 0.7 0.8 0.8 0.9 0.8 0.6 Wages and salaries 0.9 0.8 1.0 0.8 0.8 0.8 0.8 0.7 Benefit costs 0.9 0.9 -0.3 1.1 0.8 0.8 0.6 0.5 State and local government Compensation costs 1.3 1.1 1.2 1.0 0.9 0.9 0.6 0.9 Wages and salaries 1.3 0.8 0.9 0.9 0.9 0.8 0.7 0.9 Benefit costs 1.6 1.5 1.7 1.6 0.9 1.2 0.3 1.1 Quarterly changes, seasonally adjusted Compensation costs for private industry rose 0.6 percent from March to June 2008; for the prior quarter the increase was 0.8 percent. In state and local government, the increase was 0.9 percent compared to 0.6 percent in the previous quarter. Wages and salaries for private industry workers increased 0.7 percent for the March to June 2008 period. For the previous quarter, the increase was 0.8 percent. In state and local government, the increase was 0.9 percent, compared with 0.7 percent in the prior quarter. Benefit costs for private industry rose 0.5 percent, compared to 0.6 percent in the previous quarter. For state and local government, benefit costs increased 1.1 percent, well above the 0.3 percent increase in the previous quarter. (See tables A, 1, 2, and 3.) ______________________________________________________________________________________________ Metropolitan and Nonmetropolitan Area Data Series There will be changes to the availability of Employment Cost Index (ECI) data for metropolitan and nonmetropolitan areas in future ECI news releases. See note on page 4 for additional information. _______________________________________________________________________________________________ Over-the-year changes, not seasonally adjusted Compensation costs for civilian workers increased 3.1 percent for the year ended June 2008. For the year ended June 2007 the increase was 3.3 percent. In private industry, compensation costs rose 3.0 percent in the year ended June 2008, about the same as the 3.1 percent increase for the year ended June 2007. For state and local government, the increase for the 12-month period ended June 2008 was 3.5 percent, less than the June 2007 increase of 4.8 percent. Wages and salaries for civilian workers increased 3.2 percent for the 12-month period; in June 2007, the increase was 3.4 percent. Private industry wages and salaries increased 3.1 percent in June 2008. In June 2007 the increase was 3.3 percent. State and local government wages and salaries increased 3.4 percent for the year ended June 2008. In June 2007, the increase was 3.8 percent. Benefits--which increased 2.9 percent for civilian workers--differed by ownership sector. Private industry benefit costs increased 2.6 percent, less than the state and local government increase of 3.5 percent for the 12-month period ended June 2008. (See table B.) Table B. 12-month percent changes in the Employment Cost Index, not seasonally adjusted June June June June June June Compensation component 2003 2004 2005 2006 2007 2008 Civilian workers Compensation costs 3.7 3.8 3.2 3.0 3.3 3.1 Wages and salaries 2.7 2.6 2.5 2.8 3.4 3.2 Benefit costs 5.9 7.1 5.0 3.4 3.4 2.9 Private industry Compensation costs 3.5 3.9 3.1 2.8 3.1 3.0 Wages and salaries 2.6 2.7 2.5 2.8 3.3 3.1 Benefit costs 5.8 7.3 4.7 2.7 2.6 2.6 State and local government government Compensation costs 4.3 3.5 3.5 3.8 4.8 3.5 Wages and salaries 3.1 2.1 2.3 3.1 3.8 3.4 Benefit costs 6.8 6.6 6.3 5.5 6.6 3.5 Nonfarm private industry For the year ended June 2008, private industry compensation costs increased 2.8 percent for goods-producing industries, compared to a 2.6 percent increase in June 2007. Compensation costs for manufacturing increased 2.1 percent for the year ended June 2008, compared to 1.9 percent for the year ended June 2007. Manufacturing gains have been less than total private industry gains since March 2006. Compensation costs for the construction industry rose 4.0 percent, about the same as in the 3.9 percent increase in the previous year. (See table 5.) The over-the-year increase for June 2008 in compensation costs for service-providing industries was 3.1 percent. The June 2007 increase was 3.3 percent. Among the major service-providing industries, changes in compensation costs ranged from 0.6 percent in information to 3.8 percent in professional and business services. (See table 5.) Among private industry occupational groups, over-the-year compensation gains ranged from 2.6 percent for production, transportation, and material moving to 3.3 percent for service occupations. (See table 5.) Compensation costs for union workers advanced 2.7 percent in the year ended June 2008 while compensation cost increases for nonunion workers increased 3.0 percent in the same 12-month period. Wages and salaries for union workers increased 2.9 percent in the 12-month period ended June 2008. For nonunion workers, the increase was 3.2 percent. Benefit costs for union workers rose 2.4 percent in the 12-month period; costs for nonunion workers rose 2.7 percent. (See tables C, 6, 10, and 12.) Table C. 12-month percent changes in the Employment Cost Index, private industry workers, by bargaining status, not seasonally adjusted Compensation June June June June June June component 2003 2004 2005 2006 2007 2008 Union workers Compensation costs 4.9 5.7 3.0 3.0 2.1 2.7 Wages and salaries 3.0 2.8 2.4 2.5 2.5 2.9 Benefit costs 8.1 10.9 4.1 3.8 1.4 2.4 Nonunion workers Compensation costs 3.2 3.7 3.1 2.8 3.3 3.0 Wages and salaries 2.5 2.7 2.5 2.9 3.4 3.2 Benefit costs 5.3 6.4 4.8 2.5 2.8 2.7 State and local government For the year ended June 2008, wages and salaries for state and local government workers rose 3.4 percent. The increase for the 12-month period ended June 2007 was 3.8 percent. Benefit costs increased 3.5 percent, down from the increase of 6.6 percent in the previous year. Public administration wages and salaries increased 3.2 percent, down from the June 2007 increase of 4.1 percent. (See tables B, 11, and 12.) Over-the-year changes in wages and salaries, constant dollars, not seasonally adjusted After adjusting for the changes in the prices of consumer goods and services, wages and salaries for civilian workers decreased 1.7 percent for the 12-month period ended June 2008, compared to a 0.7 percent increase for the 12-month period ended June 2007. The decrease for private industry was 1.8 percent compared to an increase of 0.7 percent for the year ended June 2007. State and local government registered a 1.4 percent decrease, compared to an increase of 0.9 percent for the previous year. (See table D.) Table D. 12-month percent changes in wages and salaries, Employment Cost Index, constant dollars, not seasonally adjusted Series June June June June June June 2003 2004 2005 2006 2007 2008 Civilian workers 0.6 -0.7 -0.1 -1.3 0.7 -1.7 Occupation Management, professional, and related 0.9 -0.7 0.1 -1.3 0.9 -1.5 Sales and office 0.3 -0.3 -0.1 -1.1 0.5 -2.1 Natural resources, construction, and maintenance 0.5 -0.6 -0.4 -1.1 0.6 -1.3 Production, transportation, and material moving 0.3 -1.0 -0.2 -2.0 0.0 -2.0 Service 0.2 -1.1 -0.2 -1.8 1.3 -1.6 Industry Goods-producing 0.8 -1.0 0.0 -1.1 0.2 -1.8 Service-providing 0.5 -0.6 -0.1 -1.4 0.8 -1.6 Private industry 0.5 -0.6 0.0 -1.5 0.7 -1.8 State and local government 1.0 -1.2 -0.1 -1.2 0.9 -1.4 ___________________________________________________________________________________________ NOTE: Effective with the release of December 2008 data, compensation and wage and salary data aggregated across all metropolitan and nonmetropolitan areas--which currently appear in tables 6 and 10--will be discontinued as a result of classification changes to metropolitan statistical areas. Beginning with data for this quarter--June 2008--ECI estimates for private industry for as many as 15 individual localities will be released. For each locality, two estimates will be provided: 12-month percent change for total compensation and 12-month percent change for wages and salaries. The June 2008 data are scheduled for release on the Compensation and Working Conditions Online (CWC Online) website at www.bls.gov/opub/cwc in late September 2008. Information about future release schedules for these data will be included in the CWC Online article. The ECI for September 2008 is scheduled for release on Friday, October 31, 2008, at 8:30 AM EDT. ECI data are available on the Compensation Cost Trends page at www.bls.gov/ect. For ECI data requests, send e-mail to NCSinfo@bls.gov or call (202)691-6199. For technical assistance in using the BLS Internet site, send e-mail to webmaster@bls.gov. BLS news releases, including the ECI, are available through an e-mail subscription service. See the subscription link at www.bls.gov/ect or www.bls.gov/bls/list.htm. Information in this release will be made available to sensory impaired individuals upon request. Voice phone: (202) 691-5200; Federal Relay Service Number: 1-800-877-8339. ___________________________________________________________________________________________
- Table 1. SEASONALLY ADJUSTED: Employment Cost Index for total compensation, by ownership, occupational group, and industry
- Table 2. SEASONALLY ADJUSTED: Employment Cost Index for wages and salaries, by ownership, occupational group, and industry
- Table 3. SEASONALLY ADJUSTED: Employment Cost Index for benefits, by ownership, occupational group, and industry
- Table 4. COMPENSATION (NOT SEASONALLY ADJUSTED): Employment Cost Index for total compensation, for civilian workers, by occupational group and industry
- Table 5. COMPENSATION (NOT SEASONALLY ADJUSTED): Employment Cost Index for total compensation, for private industry workers, by occupational group and industry
- Table 6. COMPENSATION (NOT SEASONALLY ADJUSTED): Employment Cost Index for total compensation, for private industry workers, by bargaining status, census region, census divisions, and area
- Table 7. COMPENSATION (NOT SEASONALLY ADJUSTED): Employment Cost Index for total compensation, for State and local government workers, by occupational group and industry
- Table 8. WAGES AND SALARIES (NOT SEASONALLY ADJUSTED): Employment Cost Index for wages and salaries, for civilian workers, by occupational group and industry
- Table 9. WAGES AND SALARIES (NOT SEASONALLY ADJUSTED): Employment Cost Index for wages and salaries, for private industry workers, by occupational group and industry
- Table 10. WAGES AND SALARIES (NOT SEASONALLY ADJUSTED): Employment Cost Index for wages and salaries, for private industry workers, by bargaining status, region, and area
- Table 11. WAGES AND SALARIES (NOT SEASONALLY ADJUSTED): Employment Cost Index for wages and salaries, for State and local government workers, by occupational group and industry
- Table 12. BENEFITS (NOT SEASONALLY ADJUSTED): Employment Cost Index for benefits, by ownership, occupational group, industry, and bargaining status
- Employment Cost Index technical note
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Last Modified Date: July 31, 2008