Error on Page

TED: The Economics Daily image
FONT SIZE:Minus Font SizePlus Font Size PRINT: Print

Compensation stats for the new century

April 03, 2001

For the first time, the Bureau of Labor Statistics will provide interrelated statistics on wage levels, benefit costs, rates of change in employer costs for compensation, benefit plan incidence, and detailed benefit provisions.

Employer cost for compensation per hour worked, 1968 (private industry) and 2000 (private industry and State and local government)
[Chart data—TXT]

The National Compensation Survey (NCS) has evolved from several existing programs, but takes those programs in new directions. There had been a lack of coordination among these programs that can limit their usefulness for certain types of analysis.

The NCS coordinates four basic products: occupational wage estimates, employer compensation cost trends and levels, benefit availability, and benefit details. (See chart for an example of such data elements.) Occupational wages are published for local areas, geographic regions, and the nation as a whole.

These data are from the BLS National Compensation Survey and Employment Cost Trends program. Compensation costs (also known as employment costs) include wages, salaries, and employer costs for employee benefits. Learn more in "The National Compensation Survey: Compensation Statistics for the 21st Century" (PDF 82K), by William J. Wiatrowski, Compensation and Working Conditions, Winter 2000.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation stats for the new century on the Internet at http://www.bls.gov/opub/ted/2001/apr/wk1/art02.htm (visited November 24, 2014).

OF INTEREST

Three recent editions of Spotlight on Statistics

Recommend this page using: