Compensation costs for civilian workers increased 0.5 percent for the quarter ending in December and increased 2 percent for the year, according to the Bureau of Labor Statistics.
Benefits, wages and salaries for civilian workers increased 0.6 percent in December, while benefits costs increased 2.2 percent for the year. This compared to an increase of 2.4 percent in 2012.
Compensation costs for private industry workers increased 2 percent over the year. In December 2012, the increase was 1.8 percent. Wages and salaries increased 2.1 percent for the current 12-month period. In December 2012, the increase was 1.7 percent.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
