BLS: Compensation costs increased in 2016
The Bureau of Labor Statistics reports that compensation rose 2.2 percent, wages and salaries are up 2.3 percent, and benefits rose 2.1 percent in 2016.
Compensation costs for civilian workers increased 0.5 percent, seasonally adjusted, for the 3-month period ending in December 2016, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.5 percent, and benefits (which make up the remaining 30 percent of compensation) increased 0.4 percent.
Civilian workers
Compensation costs for civilian workers increased 2.2 percent for the 12-month period ending in December 2016. In December 2015, compensation costs increased 2.0 percent. Wages and salaries increased 2.3 percent for the current 12-month period, and increased 2.1 percent for the 12-month period ending in December 2015. Benefit costs increased 2.1 percent for the 12-month period ending in December 2016. In December 2015, the increase was 1.7 percent.
Private industry workers
Compensation costs for private industry workers increased 2.2 percent over the year. In December 2015, the increase was 1.9 percent. Wages and salaries increased 2.3 percent for the current 12-month period. In December 2015, the increase was 2.1 percent. The cost of benefits rose 1.8 percent for the 12-month period ending in December 2016, higher than the 1.3 percent increase in December 2015. Employer costs for health benefits increased 2.7 percent for the 12-month period ending in December 2016.
Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending in December 2016 ranged from 1.7 percent for management, professional, and related occupations to 3.2 percent for service occupations.
Among industry supersectors, compensation cost increases for private industry workers for the current 12-month period ranged from 1.2 percent for professional and business services to 3.3 percent for leisure and hospitality.
State and local government workers
Compensation costs for state and local government workers increased 2.4 percent for the 12-month period ending in December 2016. In December 2015, the increase was 2.5 percent. Wages and salaries increased 2.1 percent for the 12-month period ending in December 2016, higher than the December 2015 increase of 1.8 percent. Benefit costs increased 3.1 percent for the 12-month period ending in December 2016. The prior year’s increase was 3.5 percent.
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