For Career news, Resume tools, Interview questions, Career advise, CV tips, etc

Tuesday, April 30, 2013

Compensation costs for state and local government workers increased


EMPLOYMENT COST INDEX - MARCH 2013

Compensation costs for civilian workers increased 0.3 percent, seasonally adjusted, for the 3-month period ending March 2013, essentially unchanged from the 0.4 percent increase for the December 2012 3-month period.  Wages and salaries increased 0.5 percent for the current period compared to a 0.3 percent increase for the December 2012 period. Benefit costs decelerated to 0.1 percent in March 2013, down from 0.6 percent in December 2012.

Civilian Workers

Compensation costs for civilian workers increased 1.8 percent for the 12-month period ending March 2013, essentially unchanged from the March 2012 increase of 1.9 percent. Wages and salaries  increased 1.6 percent for the current 12-month period. In March 2012 the increase was 1.7 percent. Benefit costs increased 1.9 percent for the 12-month period ending March 2013, down from the March 2012 increase of 2.7 percent.

Benefits Data for Sales and Office Occupations Unavailable

BLS has discovered an error in the benefits data for March 2013 primarily affecting private industry benefits data for sales and office occupations. As a result, benefits estimates for March 2013 have been temporarily suppressed for sales and office occupations found in tables 3 and 12 of this news release. Other benefit and compensation data may also be affected by this error. Details regarding the availability of corrected data are at www.bls.gov/bls/eci_corrections_043013.htm.

Private Industry Workers

Compensation costs for private industry workers increased 1.7 percent over the year. In March 2012 the 12-month increase was 2.1 percent. Wages and salaries increased 1.7 percent for the current 12-month period. For the 12-month period ending March 2012, the increase was 1.9 percent. The increase in the cost of benefits was 1.5 percent for the 12-month period ending March 2013, down from the March 2012 increase of 2.8 percent.

Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending March 2013 ranged from 1.6 percent for sales and office occupations and service occupations to 1.9 percent for natural resources, construction, and maintenance occupations.

Among industry supersectors, compensation cost increases for private industry workers for the current 12-month period ranged from 0.9 percent for leisure and hospitality to 2.2 percent for information.

State and Local Government Workers

Compensation costs for state and local government workers increased 1.9 percent for the 12-month period ending March 2013. In March 2012 the increase was 1.5 percent. Wages and salaries increased 1.0 percent for the 12-month period ending March 2013, the same as the March 2012 change. Prior values for this series, which began in June 1982, ranged from 1.0 percent to 8.5 percent. Benefit costs increased 3.5 percent in March 2013, up from the March 2012 increase of 2.3 percent.


The PDF version of the news release


Search This Site

Google+ Followers

Contact Form

Name

Email *

Message *