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Employment cost index up marginally

September 11 2008

Total compensation costs for civilian workers increased 0.7% from March to June 2008, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This increase is the same as reported for the period December 2007 to March 2008.

Wages and salaries rose 0.7% and benefits rose 0.6%.  In the previous quarter, wages and salaries increased 0.8% and benefits increased 0.6%.  The Employment Cost Index (ECI), a product of the National Compensation Survey, measures quarterly changes in compensation costs for civilian workers (nonfarm private industry and state and local government workers).

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