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Wages and benefits Surged 0.8 Percent in the First Quarter, Most in a Decade


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2018 Apr 27, 2:35pm   3,332 views  9 comments

by MisterLefty   ➕follow (1)   💰tip   ignore  

EMPLOYMENT COST INDEX – March 2018
Compensation costs for civilian workers increased 0.8 percent, seasonally adjusted, for the 3-month period ending in March 2018, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.9 percent, and benefits (which make up the remaining 30 percent of compensation) increased 0.7 percent. (See chart 1 and tables A, 1, 2, and 3.)

Civilian Workers

Compensation costs for civilian workers increased 2.7 percent for the 12-month period ending in March 2018 compared with a compensation costs increase of 2.4 percent in March 2017. Wages and salaries increased 2.7 percent for the 12-month period ending in March 2018 and increased 2.5 percent for the 12-month period ending in March 2017. Benefit costs increased 2.6 percent for the 12-month period ending in March 2018. In March 2017, the increase was 2.2 percent. (See chart 2 and tables A, 4, 8, and 12.)

Private Industry Workers
Compensation costs for private industry workers increased 2.8 percent over the year, a larger increase than the 2.3-percent increase in March 2017. Wages and salaries increased 2.9 percent for the current 12-month period and increased 2.6 percent in March 2017. The cost of benefits rose 2.5 percent for the 12-month period ending in March 2018 and increased 1.9 percent in March 2017. (See charts 3 and 4 and tables A, 5, 9, and 12.)

https://www.bls.gov/news.release/pdf/eci.pdf

Comments 1 - 9 of 9        Search these comments

1   Heraclitusstudent   2018 Apr 27, 6:00pm  

0.8% by dumping enough trillions of debt money into the US economy....
And oh... a lot of it leaked into the trade deficit. Oh well.
2   anotheraccount   2018 Apr 28, 9:53am  

WarrenTheApe says
And the trade deficit always goes up when the economy is booming. Economics 101.


Trade usually goes up. Deficit does not have to. Germany is getting a bigger surplus. That's Econ 101 for you.
3   marcus   2018 Apr 28, 2:59pm  

Is this real ? OR does Trump have friends in the bureau of labor and statistics where they calculate this.

Glad to see the affects of 8 years of job growth under Obama are finally kicking in
4   Shaman   2018 May 24, 6:05pm  

If your business model doesn’t allow for paying your workers at least $15/hour, you need to either revise your model or close up shop, as the returns are just too measly to bother with and you’re wasting your time with it.
And yes, if you aren’t paying yourself at least this much, in addition to social security, you should quit doing it. Someone else will provide whatever service you are providing, and probably do it better.
5   anonymous   2018 Jun 10, 8:36am  

marcus says
Glad to see the affects of 8 years of job growth under Obama are finally kicking in
Actually, it's the Reagan tax cuts that are finally kicking in. Takes a while.
6   marcus   2018 Jun 10, 8:57am  

I've said all along that I feared inflation is Trumps highest goal. It's probably a big part of his reason for the tarrifs.

He owns a lot of highly leveraged assets.
7   MisterLefty   2018 Jun 10, 2:52pm  

marcus says
I've said all along that I feared inflation is Trumps highest goal. It's probably a big part of his reason for the tarrifs.

He owns a lot of highly leveraged assets.
But on the plus side, UST yields are heading up, providing stable, risk-free income for retirees.
8   bob2356   2018 Jun 10, 6:15pm  

MisterLefty says
But on the plus side, UST yields are heading up, providing stable, risk-free income for retirees.


I've been wondering about that. SS surpluses have been shrinking steadily sending more Tbills into the financail markets. Something like 2024 there will be no surplus. Not only will every cent of government borrwoing be in the financial markets, SS will have to start redeeming it's tbills which will be even more borrowing on the markets. There is going to be a lot more pressure on tbill yeilds without the SS buffer. I haven't seen anyone do any kind of analysis about this.
9   Booger   2018 Jun 10, 7:42pm  

Feux Follets says
Median Income Has Gone Nowhere Since Recession
.

That's because you have to change employers to get a raise. Everybody knows this.

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