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Compensation costs in financial activities industry up 5.3 percent from March 2020 to March 2021
May 07, 2021
From March 2020 to March 2021, compensation costs for private industry workers increased 2.8 percent. For the year ended March 2020, the increase was 2.8 percent.
12-month percent change in total compensation for private industry workers by industry, March 2011 to March 2021
Month
All workers
Construction
Manufacturing
Trade, transportation, and utilities
Information
Financial activities
Professional and business services
Education and health services
Leisure and hospitality
Other services, except public administration
Mar 2011
2.0%
0.6%
2.8%
1.9%
2.4%
2.8%
2.2%
1.6%
1.0%
2.1%
Jun 2011
2.3
1.2
3.3
2.1
2.3
3.0
2.8
1.6
1.1
1.6
Sep 2011
2.1
1.0
2.6
2.4
2.0
3.3
2.4
1.5
1.1
1.5
Dec 2011
2.2
1.6
2.8
2.4
2.3
2.5
2.2
1.6
1.0
2.1
Mar 2012
2.1
1.6
1.8
2.9
3.2
1.3
2.1
2.2
1.0
1.9
Jun 2012
1.8
1.4
1.2
2.5
3.7
1.6
1.6
2.2
1.2
2.1
Sep 2012
1.9
1.8
1.6
2.2
3.7
1.5
1.7
2.2
0.8
2.3
Dec 2012
1.8
1.6
1.6
2.0
3.9
1.5
1.9
2.1
1.1
1.8
Mar 2013
1.9
2.1
2.0
1.8
2.3
2.2
1.8
1.5
0.9
1.9
Jun 2013
1.9
2.1
2.0
1.9
1.9
2.1
1.9
1.6
0.8
2.5
Sep 2013
1.9
2.1
1.8
2.1
2.1
2.2
1.9
1.7
1.1
2.2
Dec 2013
2.0
2.0
1.8
2.7
0.8
2.6
1.6
1.9
0.9
2.9
Mar 2014
1.7
1.4
2.1
2.3
0.8
2.1
1.4
1.7
1.3
1.9
Jun 2014
2.0
1.3
2.1
2.5
4.6
2.1
2.0
1.8
1.1
1.3
Sep 2014
2.3
1.4
2.2
3.0
4.3
1.9
2.4
1.7
1.6
1.7
Dec 2014
2.3
1.8
2.4
2.6
5.6
1.8
2.5
1.7
1.7
0.6
Mar 2015
2.8
1.8
2.3
2.7
6.1
2.3
3.6
2.0
2.0
1.9
Jun 2015
1.9
2.1
2.5
2.4
-1.6
2.3
1.5
1.9
2.4
2.2
Sep 2015
1.9
2.1
2.3
2.4
-1.1
2.1
1.7
1.9
1.5
2.2
Dec 2015
1.9
2.2
2.5
2.0
-1.4
2.3
1.9
1.7
1.8
2.6
Mar 2016
1.8
2.3
2.4
2.8
-1.7
1.6
1.1
1.7
2.2
1.7
Jun 2016
2.4
2.5
2.3
3.0
1.8
1.9
2.5
1.9
2.6
1.9
Sep 2016
2.3
1.9
2.5
2.4
1.9
3.1
1.7
1.8
3.6
2.3
Dec 2016
2.2
1.9
2.2
2.8
2.2
2.9
1.2
1.9
3.3
2.6
Mar 2017
2.3
2.5
2.2
2.7
1.8
2.9
1.5
2.1
4.3
2.9
Jun 2017
2.4
2.2
2.1
2.4
2.7
3.1
1.8
2.1
3.9
2.7
Sep 2017
2.5
2.7
2.6
2.9
2.6
2.3
2.7
1.9
3.4
2.5
Dec 2017
2.6
2.4
2.7
3.0
2.4
2.0
3.0
2.0
3.6
2.4
Mar 2018
2.8
2.4
2.8
3.0
2.6
3.3
3.0
2.3
3.2
2.9
Jun 2018
2.9
3.0
2.9
3.1
4.5
3.2
2.7
2.2
3.1
2.9
Sep 2018
2.9
2.7
1.9
3.5
4.8
3.1
2.5
2.9
3.4
2.2
Dec 2018
3.0
2.8
2.1
3.4
4.6
3.3
2.5
2.8
4.1
2.8
Mar 2019
2.8
2.9
2.2
3.3
4.8
2.7
2.3
2.5
3.3
2.8
Jun 2019
2.6
2.7
2.3
3.1
1.0
2.2
2.7
2.6
3.6
3.1
Sep 2019
2.7
3.5
2.8
2.6
0.7
3.1
2.6
2.5
3.3
3.0
Dec 2019
2.7
3.5
2.8
2.9
1.0
3.0
2.6
2.3
3.2
3.1
Mar 2020
2.8
3.1
2.5
2.7
1.1
2.8
3.2
2.7
3.6
2.8
Jun 2020
2.7
3.3
2.5
2.9
2.7
3.1
2.5
1.9
3.6
2.3
Sep 2020
2.4
2.4
2.3
2.6
2.7
2.3
2.2
2.1
4.1
2.8
Dec 2020
2.6
2.4
2.4
3.1
3.1
2.3
2.7
2.2
3.4
2.2
Mar 2021
2.8
2.7
2.3
3.2
3.1
5.3
2.1
2.2
3.9
2.8
For the year ended March 2021, compensation cost increases ranged from 2.1 percent for professional and business services to 5.3 percent for financial activities. For the year ended March 2020, compensation costs for financial activities increased 2.8 percent, while compensation costs for professional business services increased 3.2 percent.
United States Department of Labor
