Employment Cost Index Summary

Employment Cost Index Summary

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Compensation costs for civilian workers increased 1.2 percent, seasonally adjusted, for the 3-month period ending in September 2022, the U.S. Bureau of Labor Statistics reported today. Wages and salaries increased 1.3 percent and benefit costs increased 1.0 percent from June 2022. (See tables A, 1, 2, and 3.)

Compensation costs for civilian workers increased 5.0 percent for the 12-month period ending in September 2022 and increased 3.7 percent in September 2021. Wages and salaries increased 5.1 percentfor the 12-month period ending in September 2022 and increased 4.2 percent for the 12-month period ending in September 2021. Benefit costs increased 4.9 percent over the year and increased 2.5 percent for the 12-month period ending in September 2021. (See tables A, 4, 8, and 12.)

Compensation costs for private industry workers increased 5.2 percent over the year. In September 2021, the increase was 4.1 percent. Wages and salaries increased 5.2 percent for the 12-month period ending in September 2022 and increased 4.6 percent in September 2021. The cost of benefits increased 5.0 

percent for the 12-month period ending in September 2022 and increased 2.6 percent in September 2021. Inflation-adjusted (constant dollar) private wages and salaries declined 2.7 percent for the 12 monthsending September 2022. Inflation-adjusted benefit costs in the private sector declined 3.0 percent over that same period. (See tables A, 5, 9, and 12.)

Among private industry occupational groups, compensation cost increases for the 12-month period ending in September 2022 ranged from 4.3 percent for natural resources, construction, and maintenance occupations and management, professional, and related occupations to 7.7 percent for service occupations. Within industry supersectors, compensation cost increases ranged from 3.6 percent for financial activities to 7.2 percent for leisure and hospitality. (See table 5.)

Compensation costs for state and local government workers increased 4.6 percent for the 12-month period ending in September 2022, compared with an increase of 2.3 percent in September 2021. Wages and salaries increased 4.4 percent for the 12-month period ending in September 2022 and 2.4 percent a year ago. Benefit costs increased 5.0 percent for the 12-month period ending in September 2022. The prior year increase was 2.1 percent. (See tables A, 7, 11, and 12.)

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                                   Updated Employment Weights

Beginning with the December 2022 news release, the Employment Cost Index will introduce new 

employment weights based on the 2018 Standard Occupational Classification (SOC) system, see 

www.bls.gov/ncs/ect/eci-2021-fixed-weights-and-2018-soc-update.htm.

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Table A. Major series of the Employment Cost Index

[Percent change]

Category    3-month,

seasonally adjusted    12-month, not seasonally adjusted, current dollar    12-month, not seasonally adjusted, constant dollar

Jun.

2022    Sep.

2022    Sep.

2021    Jun.

2022    Sep.

2022    Sep.

2021    Jun.

2022    Sep.

2022

Civilian workers(1)

Compensation(2)

1.3    1.2    3.7    5.1    5.0    -1.6    -3.6    -2.9

Wages and salaries

1.4    1.3    4.2    5.3    5.1    -1.1    -3.5    -3.0

Benefits

1.2    1.0    2.5    4.8    4.9    -2.8    -3.9    -3.0

Private industry

Compensation(2)

1.5    1.1    4.1    5.5    5.2    -1.3    -3.3    -2.8

Wages and salaries

1.6    1.2    4.6    5.7    5.2    -0.7    -3.1    -2.7

Benefits

1.3    0.8    2.6    5.3    5.0    -2.6    -3.5    -3.0

Health benefits

-    -    0.4    4.6    4.9    -    -    -

State and local government

Compensation(2)

0.8    1.9    2.3    3.4    4.6    -2.9    -5.2    -3.3

Wages and salaries

0.7    2.1    2.4    3.2    4.4    -2.7    -5.4    -3.5

Benefits

0.9    1.6    2.1    3.6    5.0    -3.1    -5.0    -3.0

Footnotes

(1) Includes private industry and state and local government.

(2) Includes wages and salaries and benefits.

Note: All estimates in the table can be found in the public database at www.bls.gov/ncs/ect/data.htm. Dashes indicate data not available.

Original source can be found here.

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