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Increases in wages and salaries and benefits, March 1999-March 2000

May 02, 2000

In nonfarm private industry, wages and salaries rose 4.2 percent for the year ended March 2000, up from a 3.3 percent increase in the year ended March 1999. In State and local government, the increase in wages and salaries was 3.8 percent, as compared with a 2.9 percent increase in March 1999.

12-month percent change in wages and salaries, Employment Cost Index, March 1995-March 2000
[Chart data—TXT]

Benefit costs for private industry workers increased 5.5 percent for the year ended in March 2000, a significant increase from 2.2 percent in March 1999. Benefit costs for State and local government workers increased 3.2 percent for the year ended in March 2000; in March 1999, the increase was 2.8 percent.

These data are from the BLS Employment Cost Trends program. Learn more in "Employment Cost Index—March 2000," news release USDL 00-120. The over-the-year changes reported in this article are based on not-seasonally-adjusted data.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Increases in wages and salaries and benefits, March 1999-March 2000 on the Internet at http://www.bls.gov/opub/ted/2000/may/wk1/art02.htm (visited November 26, 2014).

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