Employment Cost Index – June 2022
Compensation costs for civilian workers increased 1.3 percent, seasonally adjusted, for the 3-month period ending in June 2022, the U.S. Bureau of Labor Statistics reported today. Wages and salaries increased 1.4 percent and benefit costs increased 1.2 percent from March 2022. (See chart 1 and tables A, 1, 2, and 3.)
Compensation costs for civilian workers increased 5.1 percent for the 12-month period ending in June 2022 and increased 2.9 percent in June 2021. Wages and salaries increased 5.3 percent for the 12-month period ending in June 2022 and increased 3.2 percent for the 12-month period ending in June 2021. Benefit costs increased 4.8 percent over the year and increased 2.2 percent for the 12month period ending in June 2021. (See chart 2 and tables A, 4, 8, and 12.)
Compensation costs for private industry workers increased 5.5 percent over the year. In June 2021, the increase was 3.1 percent. Wages and salaries increased 5.7 percent for the 12-month period ending in June 2022 and increased 3.5 percent in June 2021. The cost of benefits increased 5.3 percent for the 12-month period ending in June 2022 and increased 2.0 percent in June 2021. Inflation adjusted (constant dollar) private wages and salaries declined 3.1 percent for the 12 months ending June 2022. Inflation-adjusted benefit costs in the private sector declined 3.5 percent over that same period. (See charts 3, 4, and tables A, 5, 9, and 12.)
Among private industry occupational groups, compensation cost increases for the 12-month period ending in June 2022 ranged from 4.3 percent for natural resources, construction, and maintenance occupations to 8.0 percent for service occupations. Within industry super sectors, compensation cost increases ranged from 4.0 percent for construction to 7.8 percent for leisure and hospitality. (See table 5.)
Compensation costs for state and local government workers for the 12increased 3. 4 month period ending in 202 2 , compared with an increase percent June of percent i n June 202 1 . 2. 0 Wages and salaries increased 3. 2 percent for the period ending in June 202 2 12month and percent a year ago . 1 . Benefit costs increased 3 . 6 percent for the 126 month period ending in year June increase was 5 2.6 202 2 . T he prior percent. (See chart and tables A, 7, 11, and 12.)
Full Tables and Data can be found at the U.S. Bureau of Labor Statistics.