Compensation costs up 0.8% Jun 2018 to Sep 2018 and up 2.8% over the year ending Sep 2018

Economic News Release USDL-18-1737
Employment Cost Index Summary
NEWS RELEASE BUREAU OF LABOR STATISTICS U.S. DEPARTMENT OF LABOR

TRANSMISSION OF MATERIAL IN THIS RELEASE IS EMBARGOED UNTIL 8:30 a.m. (EDT) Wednesday, October 31, 2018

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EMPLOYMENT COST INDEX – September 2018

Compensation costs for civilian workers increased 0.8 percent, seasonally adjusted, for the 3-month period ending in September 2018, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.9 percent and benefit costs (which make up the remaining 30 percent of compensation) increased 0.4 percent from June 2018.
(See tables A, 1, 2, and 3.)

Civilian Workers

Compensation costs for civilian workers increased 2.8 percent for the 12-month period ending in September 2018 compared with a compensation costs increase of 2.5 percent in September 2017. Wages and salaries increased 2.9 percent for the 12-month period ending in September 2018 and increased 2.5 percent for the 12-month period ending in September 2017. Benefit costs increased 2.6 percent for the 12-month period ending in September 2018. In September 2017, the increase was 2.4 percent. (See tables A, 4, 8, and 12.)

Private Industry Workers

Compensation costs for private industry workers increased 2.9 percent over the year and increased 2.5 percentin September 2017. Wages and salaries increased 3.1 percent for the 12-month period ending in September 2018 and increased 2.6 percent in September 2017. The cost of benefits rose 2.5 percent for the 12-month period ending in September 2018 and increased 2.4 percent in September 2017. (See tables A, 5, 9, and 12.)

Employer costs for health benefits increased 1.9 percent for the 12-month period ending in September 2018. (For further information, see www.bls.gov/web/eci/echealth.pdf.)

Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending in September 2018 ranged from 2.5 percent for both management, professional, and related and natural resources, construction, and maintenance occupations to 3.5 percent for both sales and office and service occupations.(See table 5.)

Among industry supersectors, compensation cost increases for private industry workers for the 12-month period ending in September 2018 ranged from 1.9 percent for manufacturing to 4.8 percent for information. (See table 5.)


State and Local Government Workers

Compensation costs for state and local government workers increased 2.5 percent for the 12-month period ending in September 2018. In September 2017, the increase was 2.4 percent. Wages and salaries increased 2.3 percent for the 12-month period ending in September 2018, compared with 2.0 percent a year ago. Benefit costs increased 3.1 percent for the 12-month period ending in September 2018. The prior year increase was 3.0 percent. (See tables A, 7, 11, and 12.)
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The Employment Cost Index for December 2018 is scheduled for release on January 31, 2019, at 8:30 a.m. (EST).

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see www.bls.gov/eci/videos.htm.

For links to an overview of available BLS compensation measures and an interactive guide on choosing among them, see the BLS Commissioner’s Corner on “Making it Easier to Find Data on Pay and Benefits” at blogs.bls.gov/blog/2018/10/24/making-it-easier-to-find-data-on-pay-and-benefits.