October 31, 2005
Measured in "constant dollars," it is estimated that annual compensation costs for private industry workers decreased 1.6 percent for the year ended September 2005, compared with a 1.2-percent over-the-year increase for September 2004.
Private-sector wages declined by 2.4 percent in constant dollars from September 2004 to September 2005; benefit costs rose 0.1 percent.
Compensation costs decreased 0.9 percent for State and local government for the year ended September 2005, compared with an over-the-year gain of 0.8 percent in September 2004.
These data are from the BLS Compensation Cost Trends program. Quarterly and annual ECI changes are computed in terms of June 1989 dollars ("constant dollars") using the Consumer Price Index for All Urban Consumers (CPI-U), U.S. City Average All Items to give an approximate measure of changes in compensation costs after adjustment for the changes over the same time in the price of consumer goods and services. For more information, see "Employment Cost Index –September 2005" (PDF) (TXT), news release USDL 05-2086.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Drop in compensation costs in constant dollars, September 2005 on the Internet at http://www.bls.gov/opub/ted/2005/oct/wk5/art01.htm (visited February 10, 2016).
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.