Wages: Difference between revisions

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== Employment compensation index ==
== Employment compensation index ==
[[File:Screenshot 2023-07-28 104610.png|center|thumb|880x880px|https://fred.stlouisfed.org/series/ECIWAG]]
[[File:Screenshot 2023-07-28 104610.png|center|thumb|880x880px|https://fred.stlouisfed.org/series/ECIWAG]]
{| class="wikitable"
! rowspan="2" |Date
! colspan="3" |Employment Cost Index: Total compensation: All Civilian<ref>https://fred.stlouisfed.org/series/ECIALLCIV</ref>
! colspan="3" |Employment Cost Index: Wages and salaries for All Civilian <ref>https://fred.stlouisfed.org/series/CIS1020000000000I</ref>
! colspan="3" |Employment Cost Index: Total benefits for All Civilian<ref>https://fred.stlouisfed.org/series/CIU1030000000000I</ref>
|-
!Index Dec 2005=100 SA
!Q/Q
!Y/Y
!Index Dec 2005=100 SA
!Q/Q
!Y/Y
!Index Dec 2005=100 SA
!Q/Q
!Y/Y
|-
|2023-07-01
|161
|1.07
|4.42
|161
|1.20
|4.56
|161
|0.88
|4.07
|-
|2023-04-01
|159
|1.02
|4.54
|159
|0.95
|4.62
|160
|0.88
|4.24
|-
|2023-01-01
|157
|1.16
|4.86
|157
|1.16
|5.01
|158
|1.54
|4.49
|-
|2022-10-01
|156
|1.10
|5.06
|155
|1.17
|5.07
|156
|0.71
|4.91
|-
|2022-07-01
|154
|1.18
|5.05
|154
|1.25
|5.07
|155
|1.04
|4.95
|-
|2022-04-01
|152
|1.33
|5.11
|152
|1.34
|5.20
|153
|1.12
|4.79
|-
|2022-01-01
|150
|1.35
|4.45
|150
|1.22
|4.69
|152
|1.95
|4.05
|-
|2021-10-01
|148
|1.09
|4.00
|148
|1.16
|4.53
|149
|0.75
|2.84
|-
|2021-07-01
|147
|1.24
|3.61
|146
|1.39
|4.13
|148
|0.89
|2.50
|-
|2021-04-01
|145
|0.70
|2.92
|144
|0.84
|3.22
|146
|0.41
|2.24
|-
|2021-01-01
|144
|0.91
|2.64
|143
|1.06
|2.73
|146
|0.76
|2.46
|-
|2020-10-01
|142
|0.71
|2.52
|141
|0.78
|2.61
|145
|0.42
|2.34
|-
|2020-07-01
|141
|0.57
|2.46
|140
|0.50
|2.56
|144
|0.63
|2.27
|-
|2020-04-01
|141
|0.43
|2.63
|140
|0.36
|2.87
|143
|0.63
|2.22
|-
|2020-01-01
|140
|0.79
|2.87
|139
|0.94
|3.19
|142
|0.64
|2.08
|-
|2019-10-01
|139
|0.65
|2.66
|138
|0.73
|2.91
|141
|0.36
|2.24
|}
=== Q3 2023 ===
The Employment Cost Index (ECI), the broadest measure of labor costs, rose 1.1% last quarter after increasing 1.0% in the April-June period, the Labor Department's Bureau of Labor Statistics reported. Economists polled by Reuters had forecast the ECI would rise 1.0%.<ref>https://www.bls.gov/news.release/pdf/eci.pdf</ref>
[[File:Screenshot 2023-10-31 132116.png|center|thumb|809x809px]]
=== Q2 2023 ===
[[File:Screenshot 2023-07-28 105235.png|center|thumb|498x498px|https://www.bls.gov/news.release/pdf/eci.pdf]]
Compensation costs for civilian workers in the United States increased by 1.0 percent during the second quarter of 2023, easing from a 1.2 percent rise in the previous three-month period and slightly missing market expectations of a 1.1 percent advance.
* Compensation costs for civilian workers increased 4.5 percent for the 12-month period ending in June 2023 and increased 5.1 percent in June 2022
* Wages and salaries increased 4.6 percent for the 12-month period ending in June 2023 and increased 5.3 percent for the 12-month period ending in June 2022
* Benefit costs increased 4.2 percent over the year and increased 4.8 percent for the 12- month period ending in June 2022.


=== Q1 2023 ===
=== Q1 2023 ===
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* Compensation costs for civilian workers increased 4.8 percent for the 12-month period ending in March 2023. Wages and salaries increased 5.0 percent for  the 12-month period ending in March 2023, and nenefit costs increased 4.5 percent over the year.  
* Compensation costs for civilian workers increased 4.8 percent for the 12-month period ending in March 2023. Wages and salaries increased 5.0 percent for  the 12-month period ending in March 2023, and nenefit costs increased 4.5 percent over the year.  
* Private  wages and salaries increased 5.1 percent
* Private  wages and salaries increased 5.1 percent
=== Q2 2023 ===
[[File:Screenshot 2023-07-28 105235.png|center|thumb|498x498px|https://www.bls.gov/news.release/pdf/eci.pdf]]
Compensation costs for civilian workers in the United States increased by 1.0 percent during the second quarter of 2023, easing from a 1.2 percent rise in the previous three-month period and slightly missing market expectations of a 1.1 percent advance.
* Compensation costs for civilian workers increased 4.5 percent for the 12-month period ending in June 2023 and increased 5.1 percent in June 2022
* Wages and salaries increased 4.6 percent for the 12-month period ending in June 2023 and increased 5.3 percent for the 12-month period ending in June 2022
* Benefit costs increased 4.2 percent over the year and increased 4.8 percent for the 12- month period ending in June 2022.
*  
*