Research >> Economics
Employment Cost Index up 0.5% in 2Q2013
Compensation costs for civilian workers increased 0.5 percent, seasonally adjusted, for the 3-month period ending June 2013, following a similar 3-month percent increase in March, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of compensation costs) rose 0.4 percent in the June quarter, similar to the 0.5 percent increase for the previous period. Benefits (which make up the remaining 30 percent of compensation) increased 0.4 percent, compared to a 0.6 percent increase for the 3-month period ending in March.
Posted: July 31, 2013 Wednesday 08:30 AM