National Compensation Survey - Employment Cost Trends produces quarterly indexes measuring change over time in labor costs (ECI) and quarterly data measuring level of average costs per hour worked (ECEC).
July 31, 2008
Total compensation costs for civilian workers increased 0.7 percent, seasonally adjusted, from
March to June 2008, the same as the increase in the previous quarter. For the year ended
June 2008, compensation costs rose 3.1 percent; the June 2007 12-month percent increase was
3.3 percent.
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September 10, 2008
Employer costs for retirement and savings plans averaged $1.25 per hour worked in June 2008, which
accounted for 4.4 percent of total compensation costs. Overall, employers spent an average of
$28.48 per hour worked for compensation. Wages and salaries averaged $19.85 and benefits averaged
$8.64.
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Employment Cost Index |
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Employer Cost for Employee Compensation |
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The Employment Cost Index (ECI) is increasingly being used by business organizations as an escalator to adjust long-term sales and purchasing contracts, and to adjust wage rates in collective bargaining agreements. A web page explaining how to use the ECI for escalating contracts is available.