August 2, 1999 (The Editor’s Desk is updated each business day.)
Importance of retirement benefits
in compensation
In the construction industry,
employees receive more of their compensation in the form of retirement and savings
benefits than in any other industry.
[Chart data—TXT]
Retirement benefits represented 4.9 percent of the
compensation per hour of full-time employees in construction in March 1999. In comparison,
full-time private industry workers earned 3.2 percent of their compensation in retirement
benefits on average.
Workers in transportation and public utilities had the second highest percentage of
compensation received as retirement benefits—4.5 percent. In the four other
industries shown in the chart, the proportion was about the same as or below the average
for all industries.
These data are a product of the BLS Employment Cost Trends
program. Additional information is available from "Employer
Costs for Employee Compensation, March 1999," news release USDL 99-173.
Of interest
Spotlight on Statistics: National Hispanic Heritage Month
In this Spotlight, we take a look at the Hispanic labor force—including labor force participation, employment and unemployment, educational attainment, geographic location, country of birth, earnings, consumer expenditures, time use, workplace injuries, and employment projections.
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