May 03, 2011
Compensation costs for private industry workers increased 2.0 percent for the 12-month period ending March 2011, compared to the 1.6-percent increase for the 12-month period ending March 2010.
Among industry supersectors, compensation cost increases for private industry workers for the current 12-month period ranged from 0.6 percent for construction to 2.8 percent for both manufacturing and financial activities.
Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending March 2011 were 1.4 percent for natural resources, construction, and maintenance occupations; 1.9 percent for service occupations; and 2.1 percent for the remaining three groups—management, professional, and related; sales and office; and production, transportation, and material moving occupations.
These data are from the BLS Employment Cost Trends program. To learn more, see "Employment Cost Index — March 2011" (HTML) (PDF), news release USDL-11-0586. Compensation costs (also known as employment costs) include wages, salaries, and employer costs for employee benefits.
Bureau of Labor Statistics, U.S. Department of Labor, The Editor's Desk, 12-month private industry compensation costs, March 2010–March 2011 on the Internet at http://www.bls.gov/opub/ted/2011/ted_20110503.htm (visited July 24, 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 »