August 01, 2007
Compensation costs for private sector workers rose 0.9 percent from March to June 2007 (seasonally adjusted), compared to 0.6 percent for the prior quarter.
Wages and salaries for private industry workers increased 0.8 percent, compared with 1.1 percent for the previous quarter.
Benefit costs for private industry rose sharply by 1.1 percent, compared to a decline of 0.3 percent the previous quarter.
These data are from the BLS Compensation Cost Trends program. Compensation costs (also known as employment costs) include wages, salaries, and employer costs for employee benefits. Data are subject to revision. Learn more in "Employment Cost Index—June 2007" (PDF) (TXT), news release USDL 07-1151.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Employment costs in private industry, June 2007 on the Internet at http://www.bls.gov/opub/ted/2007/jul/wk5/art03.htm (visited November 30, 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.