Business Excellence Awards
Please Join PBN to Celebrate the 2014 Business Excellence Award Winners on Novem ...
By PBN Staff
WASHINGTON – Compensation costs for civilian workers in New England rose 0.4 percent, seasonally adjusted for the 3 months ended June 30, the U.S. Bureau of Labor Statistic reported Tuesday.
Wages and salaries make up roughly 70 percent of compensation costs and benefits make up the remaining 30 percent.
Year over year, compensation costs for civilian workers in New England rose 1.2 percent from an index of 116 to an index of 117.4, for which an index of 100 is equal to figures from December 2005.
Compensation costs for private-industry workers increased 0.5 percent in the three months ended June 30 and 1.1 percent from an index of 115.9 to an index of 117.2 during the 12 months ended June 30.
Across the county, compensation costs for civilian workers increased 0.5 percent, seasonally adjusted, for the 3 months ended June 30 and 1.7 percent for the 12 months ended June 30.
Compensation costs for private industry workers across the U.S. increased 0.5 percent during the three months ended June 30 and 1.8 percent year over year.
Nationwide, compensation costs for state and local government workers increased 0.5 percent during the three months ended June 30 and 1.6 percent for the year. The BLS did not provide regional data for state and local government worker compensation costs.
The BLS also noted that total compensation costs for private-industry workers in New England stood at an index level of 117.1 at the end of June, 0.7 percent higher than the national average.