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NEWS RELEASE BUREAU OF LABOR STATISTICS U.S. DEPARTMENT OF LABOR TRANSMISSION OF MATERIAL IN THIS RELEASE IS EMBARGOED UNTIL USDL-18-0637 8:30 a.m. (EDT) Friday, April 27, 2018 Technical information: (202) 691-6199 • ncsinfo@bls.gov • www.bls.gov/ect Media contact: (202) 691-5902 • pressoffice@bls.gov EMPLOYMENT COST INDEX – March 2023 Compensation costs for civilian workers increased 0.8 percent, seasonally adjusted, for the 3-month period ending in March 2018, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.9 percent, and benefits (which make up the remaining 30 percent of compensation) increased 0.7 percent. (See tables A, 1, 2, and 3.) //ECI QCT test 03172023// Civilian Workers Compensation costs for civilian workers increased 2.7 percent for the 12-month period ending in March 2018 compared with a compensation costs increase of 2.4 percent in March 2017. Wages and salaries increased 2.7 percent for the 12-month period ending in March 2018 and increased 2.5 percent for the 12-month period ending in March 2017. Benefit costs increased 2.6 percent for the 12-month period ending in March 2018. In March 2017, the increase was 2.2 percent. (See tables A, 4, 8, and 12.) Private Industry Workers Compensation costs for private industry workers increased 2.8 percent over the year, a larger increase than the 2.3-percent increase in March 2017. Wages and salaries increased 2.9 percent for the current 12-month period and increased 2.6 percent in March 2017. The cost of benefits rose 2.5 percent for the 12-month period ending in March 2018 and increased 1.9 percent in March 2017. (See tables A, 5, 9, and 12.) Employer costs for health benefits increased 1.5 percent for the 12-month period ending in March 2018. (For further information, see www.bls.gov/web/eci/echealth.pdf.) Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending in March 2018 ranged from 2.6 percent for both management, professional, and related occupations and natural resources, construction, and maintenance occupations to 3.3 percent for production, transportation, and material moving occupations. (See table 5.) Among industry supersectors, compensation cost increases for private industry workers for the 12-month period ending in March 2018 ranged from 2.3 percent for education and health services to 3.3 percent for financial activities. (See table 5.) State and Local Government Compensation costs for state and local government workers increased 2.2 percent for the 12-month period ending in March 2018. In March 2017, the increase was 2.6 percent. Wages and salaries increased 1.8 percent for the 12-month period ending in March 2018, compared with 2.2 percent a year ago. Benefit costs increased 3.0 percent for the 12-month period ending in March 2018. The prior year’s increase was 3.1 percent. (See tables A, 7, 11, and 12.) Seasonal Factors and Updated Layout The 2018 seasonal factors for directly adjusted series and revised seasonally adjusted series for the past five years were released today, see www.bls.gov/ncs/ect/ectsfact.htm. With the July 31, 2018 release, the file format of tables 1-13 will be modified to improve usablity. The updated layout is available for review at www.bls.gov/ect/eci_table_changes_June_2018.htm.
Category | 3-month, seasonally adjusted |
12-month, not seasonally adjusted | |||||
---|---|---|---|---|---|---|---|
Dec. 2017 |
Mar. 2018 |
Mar. 2017 |
Jun. 2017 |
Sep. 2017 |
Dec. 2017 |
Mar. 2018 |
|
Civilian workers(1) |
|||||||
Compensation(2) |
0.6 | 0.8 | 2.4 | 2.4 | 2.5 | 2.6 | 2.7 |
Wages and salaries |
0.5 | 0.9 | 2.5 | 2.3 | 2.5 | 2.5 | 2.7 |
Benefits |
0.5 | 0.7 | 2.2 | 2.5 | 2.4 | 2.5 | 2.6 |
Private industry |
|||||||
Compensation(2) |
0.5 | 1.0 | 2.3 | 2.4 | 2.5 | 2.6 | 2.8 |
Wages and salaries |
0.5 | 1.0 | 2.6 | 2.4 | 2.6 | 2.8 | 2.9 |
Benefits |
0.4 | 0.8 | 1.9 | 2.2 | 2.4 | 2.3 | 2.5 |
State and local government |
|||||||
Compensation(2) |
0.7 | 0.4 | 2.6 | 2.6 | 2.4 | 2.5 | 2.2 |
Wages and salaries |
0.6 | 0.4 | 2.2 | 2.1 | 2.0 | 2.1 | 1.8 |
Benefits |
0.9 | 0.5 | 3.1 | 3.2 | 3.0 | 3.2 | 3.0 |
Footnotes |
The Employment Cost Index for June 2018 is scheduled for release on Tuesday, July 31, 2018, at 8:30 a.m. (EDT). Information in this release will be made available to sensory impaired individuals upon request— Voice phone: (202) 691-5200; Federal Relay Service: (800) 877-8339. BLS news releases, including the Employment Cost Index, are available through an email subscription service at www.bls.gov/bls/list.htm. For videos and information graphics explaining the Employment Cost Index and how it is used, see www.bls.gov/eci/videos.htm.