February 01, 2006
Compensation costs in private industry rose 3.0 percent in the year ended December 2005, slowing from a 3.8-percent increase in December 2004.
The components of compensation showed differences in their rates of change in the 12 months ended in December. While increases in wages and salaries continued at a moderate pace, the increase in benefit costs was somewhat lower than it had been in the past several years.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs up 3.0 percent in private industry in 2005 on the Internet at http://www.bls.gov/opub/ted/2006/jan/wk5/art03.htm (visited November 25, 2015).
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.