Keeping you up to date on the latest data releases.
- Employment Cost Index
Employer costs of compensation for civilian workers rose 0.5 percent (nonannualized) in the fourth quarter, following a 0.4 percent increase in the third quarter. The wages and salary component increased 0.6 percent, slightly below the third quarter’s 0.3 percent advance. The benefits component rose 0.6 percent in the fourth quarter. Year-over-year, civilian compensation advanced 2.0 percent in the fourth quarter, right in-line with its average since the recession ended—1.9 percent. Civilian wages and salaries increased 1.9 percent over the past twelve months, while benefits rose 2.2 percent. Private compensation grew 0.5 percent from last quarter. Private wages and salaries increased 0.6 percent, while benefits grew 0.5 percent.