February 01, 2007
Compensation costs in private industry rose 3.2 percent in the year ended December 2006, compared with a 2.9-percent increase in December 2005.
The components of compensation differed in their rates of change. While increases in wages and salaries became greater, the sharp increases in benefit costs seen over the past several years slowed to a more moderate pace.
Wages and salaries rose 3.2 percent in the year ended December 2006, greater than the gains of 2.5 percent in December 2005 and 2.6 percent in December 2004. Benefit costs gained 3.1 percent for the year ended December 2006, slowing from increases of 4.0 percent for the year ended December 2005 and 6.7 percent for the year ended December 2004.
Bureau of Labor Statistics, U.S. Department of Labor, The Editor's Desk, Compensation costs in private industry up 3.2 percent in 2006 on the Internet at http://www.bls.gov/opub/ted/2007/jan/wk5/art04.htm (visited March 09, 2014).
This edition of Spotlight on Statistics examines labor productivity trends from 2000 through 2010 for selected industries and sectors within the nonfarm business sector of the U.S. economy. Read more »