Keeping you up to date on the latest data releases.
- Employment Cost Index
Employer costs of compensation for civilian workers rose 0.3 percent (nonannualized) in the first quarter of 2014, following a 0.5 percent increase in the fourth quarter of 2013. The wages and salary component increased 0.3 percent, slightly below the fourth quarter?s 0.5 percent advance. The benefits component rose 0.4 percent in the fourth quarter. Year-over-year, civilian compensation did not differ from the post-recession average growth of 1.9 percent. Civilian wages and salaries increased 1.6 percent over the past twelve months, while benefits rose 2.4 percent. Private compensation grew 0.7 percent from last quarter. Private wages and salaries increased 0.6 percent, while benefits grew 0.8 percent.