[Economic Indicators June, 2008]
[Page Number 15]
[From the U.S. Government Publishing Office, www.gpo.gov]
EMPLOYMENT COST INDEX--PRIVATE INDUSTRY
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Index (December 2005 = 100) Percent change from
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3 months earlier 12 months earlier
Period Total -----------------------------------------------------------------------
compensa- Wages and Benefits \1\ Total Total
tion salaries compensa- Wages and Benefits \1\ compensa- Wages and Benefits \1\
tion salaries tion salaries
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Not seasonally adjusted
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1998:Dec ................................... 77.5 80.6 70.2 ......... ......... ............ 3.5 3.9 2.5
1999:Dec ................................... 80.2 83.5 72.6 ......... ......... ............ 3.5 3.6 3.4
2000:Dec ................................... 83.6 86.7 76.7 ......... ......... ............ 4.2 3.8 5.6
2001:Dec ................................... 87.3 89.9 81.3 ......... ......... ............ 4.1 3.8 5.2
2002:Dec ................................... 90.0 92.2 84.7 ......... ......... ............ 3.1 2.6 4.2
2003:Dec ................................... 93.6 95.1 90.2 ......... ......... ............ 4.0 3.1 6.5
2004:Dec ................................... 97.2 97.6 96.2 ......... ......... ............ 3.8 2.6 6.7
2005:Dec ................................... 100.0 100.0 100.0 ......... ......... ............ 2.9 2.5 4.0
2006:Dec ................................... 103.2 103.2 103.1 ......... ......... ............ 3.2 3.2 3.1
2007:Dec ................................... 106.3 106.6 105.6 ......... ......... ............ 3.0 3.3 2.4
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Seasonally adjusted
Not seasonally adjusted
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2005:Mar ................................... 98.2 98.3 98.0 0.9 0.6 1.6 3.5 2.7 5.5
June ................................. 98.8 98.8 98.8 .6 .5 .8 3.1 2.5 4.7
Sept ................................. 99.5 99.4 99.7 .7 .6 .9 2.9 2.3 4.5
Dec .................................. 100.2 100.1 100.3 .7 .7 .6 2.9 2.5 4.0
2006:Mar ................................... 100.8 100.8 100.8 .6 .7 .5 2.6 2.4 3.0
June ................................. 101.6 101.6 101.6 .8 .8 .8 2.8 2.8 2.7
Sept ................................. 102.5 102.5 102.5 .9 .9 .9 3.0 3.0 2.8
Dec .................................. 103.3 103.3 103.4 .8 .8 .9 3.2 3.2 3.1
2007:Mar ................................... 104.0 104.3 103.1 .7 1.0 -.3 3.2 3.6 2.2
June ................................. 104.8 105.1 104.2 .8 .8 1.1 3.1 3.3 2.6
Sept ................................. 105.6 105.9 105.0 .8 .8 .8 3.1 3.4 2.4
Dec .................................. 106.5 106.7 105.8 .9 .8 .8 3.0 3.3 2.4
2008:Mar ................................... 107.3 107.6 106.4 .8 .8 .6 3.2 3.2 3.2
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\1\ Employer costs for employee
benefits.
Note.--The employment cost index
is a measure of the change in the
cost of labor, free from the
influence of employment shifts among
occupations and industries.
Data exclude farm and household
workers.
Data beginning 2001 are based on
the 2002 North American Industry
Classification (NAICS); data prior
to 2001 are based on the Standard
Industrial Classification (SIC). For
details on industry classification
and other details see Employment
Cost Index, release dated April 28,
2006.
Source: Department of Labor,
Bureau of Labor Statistics.