September 2016 Employment Cost Index — 2016-10-28
Compensation costs for civilian workers increased 0.6 percent, seasonally adjusted, for the 3-month period ending in September 2016, the U.S. Bureau of…
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Compensation costs for civilian workers increased 0.6 percent, seasonally adjusted, for the 3-month period ending in September 2016, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.5 percent, and benefits (which make up the remaining 30 percent of compensation) increased 0.7 percent. (See chart 1 and tables A, 1, 2, and 3.) Compensation costs for civilian workers increased 2.3 percent for the 12-month period ending in September 2016. In September 2015, compensation costs increased 2.0 percent. Wages and salaries increased 2.4 percent for the current 12-month period, and increased 2.1 percent for the 12-month period ending in September 2015. Benefit costs increased 2.3 percent for the 12-month period ending in September 2016. In September 2015, the increase was 1.8 percent.
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