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U.S. Work Compensation Climbs at Slowest Pace on Record Print E-mail
US Economy |  Written by CEP News |  Apr 30 09 13:00 GMT | 
(CEP News) - Total compensation for civilian workers increased 0.3% in the first quarter of 2009, the Department of Labor reported Thursday, less than the 0.5% jump expected.

Wages and salaries rose 0.3% following a 0.5% rise previously, while benefit costs rose 0.5%, matching the rise in Q4.

Private industry compensation advanced 0.2% in the first quarter, with a 0.2% increase in benefit costs. State and local governments reported a 0.8% increase in compensation, a 0.7% gain in wages and salaries and a 1.1% rise in benefit costs.

The index measures quarterly changes in compensation costs for civilian workers or nonfarm private industry and local government workers.

By Megan Ainscow, This email address is being protected from spam bots, you need Javascript enabled to view it , edited by Stephen Huebl, This email address is being protected from spam bots, you need Javascript enabled to view it

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