January 31, 2003 (The Editor’s Desk is updated each business day.)

Employment costs advanced 0.7 percent from September to December

Compensation costs for private sector workers advanced 0.7 percent from September 2002 to December 2002 (seasonally adjusted), after rising 0.6 percent in the prior quarter.

3-month percent changes in Employment Cost Index, private industry workers, seasonally adjusted, March 2001-December 2002
[Chart data—TXT]

Wages and salaries in the private sector inched up 0.4 percent for the second consecutive quarter, after larger gains earlier in the year.

Benefit costs for private industry workers were up 1.2 percent for the December quarter, compared with a 1.0-percent advance in the June-September period.

These data are from the BLS Compensation Cost Trends program. Compensation costs (also known as employment costs) include wages, salaries, and employer costs for employee benefits. Learn more in "Employment Cost Index—December 2002" (PDF) (TXT), news release USDL 03-32.

Happy 10th Birthday, TED!

The very first issue of The Editor's Desk (TED) was posted on September 28, 1998. TED was the first online-only publication of the Bureau of Labor Statistics. For 10 years, BLS has been committed to posting a new TED article each business day, for a total of over 2,400 articles so far.

Find out more about the story of TED