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Compensation Costs Keep Rising

Compensation costs for civilian workers increased 0.5 percent, seasonally adjusted, for the 3-month period ending…

  • November 24, 2020

Compensation costs for civilian workers increased 0.5 percent, seasonally adjusted, for the 3-month period ending in September 2020, the U.S. Bureau of Labor Statistics reports.

Wages and salaries increased 0.4 percent and benefit costs increased 0.6 percent from June 2020.

Compensation costs for civilian workers increased 2.4 percent for the 12-month period ending in September 2020 and increased 2.8 percent in September 2019.

Wages and salaries increased 2.5 percent over the year and increased 2.9 percent for the 12-month period ending in September 2019.

Benefit costs increased 2.3 percent and also increased 2.3 percent for the 12-month period ending in September 2019.

Compensation costs for private industry workers increased 2.4 percent over the year. In September 2019, the increase was 2.7 percent.

Wages and salaries increased 2.7 percent for the 12-month period ending in September 2020 and increased 3.0 percent in September 2019.

The cost of benefits rose 2.0 percent for the 12-month period ending in September 2020 and also increased 2.0 percent in September 2019.

Employer costs for health benefits increased 1.8 percent for the 12-month period ending in September 2020.