November 02, 2010 (The Editor’s Desk is updated each business day.)
12-month private industry compensation costs increase 2.0 percent
Compensation costs for private industry workers increased 2.0 percent for the 12-month period ending September 2010, higher than the 1.2 percent increase for the 12-month period ending September 2009.
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Among industry supersectors, compensation cost increases for private industry workers for the 12-month period ending September 2010 ranged from 1.1 percent for leisure and hospitality to 2.9 percent for manufacturing.
Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending September 2010 ranged from 1.4 percent for service occupations to 2.5 percent for production, transportation, and material moving occupations.
These data are from the BLS Employment Cost Trends program. To learn more, see "Employment Cost Index — September 2010" (HTML) (PDF), news release USDL-10-1480. Compensation costs (also known as employment costs) include wages, salaries, and employer costs for employee benefits.
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