Web site: www.bls.gov/ro3/ | PLS - 4557 For Release: Wednesday, August 12, 2009 |
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Information: | Gerald Perrins (215) 597-3282 |
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Media Contact: | Sheila Watkins (215) 861-5600 |
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CHANGING COMPENSATION COSTS IN THE PHILADELPHIA METROPOLITAN AREA: JUNE 2009 (PDF)Total compensation costs for private industry workers increased 2.6 percent in the Philadelphia-Camden-Vineland, Pa.-N.J.-Del.-Md. metropolitan area for the year ended in June 2009, according to the Bureau of Labor Statistics of the U.S. Department of Labor. Sheila Watkins, the Bureau’s regional commissioner, noted that one year ago, Philadelphia experienced an annual gain of 4.4 percent in total compensation costs. Locally, wages and salaries, the largest component of total compensation costs, advanced at a 2.5-percent pace for the 12-month period ended June 2009. Nationwide, total compensation costs rose 1.5 percent and wages and salaries, 1.6 percent over the same period. (See chart A and table 1.) Chart A. Twelve-month percent changes in the Employment Cost Index for total compensation and for wages and salaries, private industry workers, United States and the Philadelphia area, not seasonally adjusted, June 2007 to June 2009Philadelphia is 1 of 14 metropolitan areas in the United States, and 1 of 3 areas in the Northeast region of the country, for which locality compensation cost data are now available. Among these 14 largest areas, Philadelphia had the second-highest percent change in total compensation and ranked third, along with Washington-Baltimore, in wage and salary growth from June 2008 to June 2009. Among the other areas, over-the-year growth rates in the cost of total compensation ranged from 3.5 percent in Boston to 0.4 percent in both Minneapolis and Phoenix in June 2009; for wages and salaries, annual advances ranged from 3.6 percent in Boston to 0.2 percent in Chicago. (See chart B.) Chart B. Percent change in the Employment Cost Index for total compensation and for wages and salaries, private industry workers, United States and localities, not seasonally adjusted, June 2008 to June 2009The annual increase in total compensation costs in Philadelphia in June 2009, at 2.6 percent, was below the 3.5-percent gain in Boston, but above the 1.2-percent increase in New York, the two other metropolitan areas in the Northeast. Philadelphia’s 2.5-percent gain in wages and salaries over this 12-month period compared to advances of 3.6 percent in Boston and 1.3 percent in New York. (See table 2.) Locality compensation costs are part of the national Employment Cost Index (ECI), which measures quarterly changes in total compensation costs, which include wages, salaries and employer costs for employee benefits. In addition to the 14 locality estimates provided in this release, ECI data for the nation, 4 geographical regions, and 9 geographical divisions are available. (Geographical definitions for the metropolitan areas mentioned in this release are included in the Technical Note.) In addition to the geographic data, a comprehensive national report is available that provides data by industry, occupational group, and union status, as well as for both private, and state and local government employees. The report on the Employment Cost Index and further technical information may be obtained from the U.S. Bureau of Labor Statistics, Mid Atlantic Regional Office by calling 215-579-3282. The report is also available on the Internet at www.bls.gov/news.release/eci.toc.htm. Current and historical information from other Bureau programs may be accessed via our regional homepage at www.bls.gov/ro3/. The ECI for the nation, regions, and divisions for September 2009 will be released on Friday, October 30, 2009 at 8:30 a.m. (ET). Information from the Employment Cost Index program is available to sensory impaired individuals upon request. Voice phone: 202-691-5200, Federal Relay Services: 1-800-877-8339. The "Employment Cost Index for the Regions" news releases have been discontinued. However, the estimates that appeared in those releases are available in table 6 (www.bls.gov/news.release/eci.t06.htm) and table 10 (www.bls.gov/news.release/eci.t10.htm) of the "Employment Cost Index" news release issued by the BLS National Office. Historical estimates for these series can be found at www.bls.gov/ncs/ect/regionaleci.htm.
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Area | Total compensation 12-month percent changes for period ended— | Wages and salaries 12-month percent changes for period ended— | ||||||
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March | June | September | December | March | June | September | December | |
United States | ||||||||
2006 |
2.6 | 2.8 | 3.0 | 3.2 | 2.4 | 2.8 | 3.0 | 3.2 |
2007 |
3.2 | 3.1 | 3.1 | 3.0 | 3.6 | 3.3 | 3.4 | 3.3 |
2008 |
3.2 | 3.0 | 2.8 | 2.4 | 3.2 | 3.1 | 2.9 | 2.6 |
2009 |
1.9 | 1.5 | 2.0 | 1.6 | ||||
Northeast | ||||||||
2006 |
3.4 | 3.4 | 3.3 | 3.3 | 3.1 | 3.1 | 3.3 | 3.1 |
2007 |
3.1 | 3.2 | 3.6 | 3.4 | 3.2 | 3.2 | 3.5 | 3.4 |
2008 |
3.3 | 2.9 | 2.4 | 2.5 | 3.4 | 3.0 | 2.5 | 2.8 |
2009 |
2.2 | 1.9 | 2.2 | 1.9 | ||||
Philadelphia-Camden-Vineland | ||||||||
2006 |
4.2 | 3.8 | ||||||
2007 |
3.0 | 3.0 | 3.1 | 3.0 | 3.5 | 3.6 | 3.8 | 3.5 |
2008 |
3.8 | 4.4 | 4.6 | 4.0 | 3.7 | 4.6 | 4.7 | 4.1 |
2009 |
4.4 | 2.6 | 4.6 | 2.5 |
Area | Total compensation | Wages and salaries | ||||
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12-month percent changes for period ended— | 12-month percent changes for period ended— | |||||
June 2008 | March 2009 | June 2009 | June 2008 | March 2009 | June 2009 | |
United States |
3.0 | 1.9 | 1.5 | 3.1 | 2.0 | 1.6 |
Northeast |
2.9 | 2.2 | 1.9 | 3.0 | 2.2 | 1.9 |
Boston-Worcester-Manchester |
2.5 | 3.5 | 3.5 | 2.7 | 3.9 | 3.6 |
New York-Newark-Bridgeport |
3.0 | 1.7 | 1.2 | 3.0 | 1.8 | 1.3 |
Philadelphia-Camden-Vineland |
4.4 | 4.4 | 2.6 | 4.6 | 4.6 | 2.5 |
South |
3.0 | 1.9 | 1.5 | 3.3 | 2.1 | 1.5 |
Atlanta-Sandy Springs-Gainesville |
1.9 | 0.8 | 1.7 | 2.0 | 0.7 | 1.3 |
Dallas-Fort Worth |
2.7 | 1.9 | 2.1 | 2.5 | 2.5 | 3.0 |
Houston-Baytown-Huntsville |
2.4 | 2.1 | 1.8 | 2.6 | 2.3 | 2.1 |
Miami-Fort Lauderdale-Pompano Beach |
3.2 | 1.6 | 1.2 | 4.6 | 3.3 | 1.7 |
Washington-Baltimore-Northern Virginia |
2.7 | 2.0 | 1.9 | 2.7 | 2.2 | 2.5 |
Midwest |
2.7 | 1.8 | 1.0 | 3.0 | 2.0 | 1.0 |
Chicago-Naperville-Michigan City |
3.4 | 1.9 | 0.5 | 3.5 | 1.5 | 0.2 |
Detroit-Warren-Flint |
1.5 | 2.6 | 1.3 | 1.8 | 3.3 | 1.2 |
Minneapolis-St. Paul-St. Cloud |
2.5 | 0.5 | 0.4 | 2.3 | 1.1 | 0.9 |
West |
3.3 | 1.9 | 1.6 | 3.3 | 2.0 | 1.7 |
Los Angeles-Long Beach-Riverside |
2.6 | 1.4 | 1.8 | 2.5 | 1.5 | 2.0 |
Phoenix-Mesa-Scottsdale |
3.6 | 2.5 | 0.4 | 3.7 | 3.0 | 0.8 |
San Jose-San Francisco-Oakland |
3.6 | 1.5 | 1.1 | 3.6 | 1.3 | 0.7 |
Last Modified Date: August 12, 2009