U.S. Bureau of Labor Statistics@bls · official source
Compensation costs up 1.2% Dec 2023 to Mar 2024 and up 4.2% over the year ending Mar 2024
· via BLS
Key points
- Compensation costs for civilian workers increased 1.2 percent, seasonally adjusted, for the 3-month period ending in March 2024, the U.S. Bureau of Labor Statistics reported today.
- Wages and salaries increased 1.1 percent and benefit costs increased 1.1 percent from December 2023.
- Compensation costs for private industry workers increased 4.1 percent over the year.
- Inflation-adjusted benefit costs in the private sector increased 0.1 percent over that same period.
- Benefit costs increased 3.8 percent for union workers and 3.6 percent for nonunion workers for the period ending in March 2024.(See tables 6, 10, and 12.)
Official source
BLSApr 30, 2024Official release ↗
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