Blog Post

Private Industry Compensation Costs up 2.7 Percent From December 2018 to December 2019

Compensation costs for private industry workers increased 2.7% in 2019, compared with a gain of 3.0% in 2018. Wages and salaries increased 3.0% for the year ending in December 2019, while employers’ costs for benefits rose 1.9%.

These data are from the Employment Cost Trends program. They are not seasonally adjusted and not adjusted for changes in consumer prices. To learn more, see “Employment Cost Index — December 2019.” We have historical data on compensation cost changes adjusted for changes in consumer prices. We also have more charts on the Employment Cost Index. Compensation cost includes wages and salaries and benefits. Private industry workers exclude employees of state and local government.

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