October 31, 2007
Employment cost index flat
By Matthew L. Brown
According to the U.S. Department of Labor, it cost employers 0.8 percent more to pay workers between June and September than it did for the same period a year ago.
The increase was about the same as the 0.9 percent increase reported for the period between March and June.
The department said wages, salaries and benefits increased by the same amount, 0.8 percent. In the previous quarter, wages and salaries also increased 0.8 percent and benefits increased 1.3 percent.
The Employment Cost Index is a component of the national compensation survey, and
measures quarterly changes in compensation costs for civilian workers.
The increase was about the same as the 0.9 percent increase reported for the period between March and June.
The department said wages, salaries and benefits increased by the same amount, 0.8 percent. In the previous quarter, wages and salaries also increased 0.8 percent and benefits increased 1.3 percent.
The Employment Cost Index is a component of the national compensation survey, and
measures quarterly changes in compensation costs for civilian workers.
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