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Tags: employment | costs | wage | benefits

Wages, Benefits Rise 0.6 Percent in Third Quarter

Wages, Benefits Rise 0.6 Percent in Third Quarter

 (Dreamstime)

Friday, 28 October 2016 03:05 PM EDT

Wages and benefits paid to U.S. civilian workers grew at a steady pace in the third quarter.

The Labor Department says total compensation rose 0.6 percent from July through September, same as it did from April through June. Wages and salaries increased 0.5 percent, benefits 0.7 percent.

In the 12 months that ended Sept. 30, compensation increased 2.3 percent, up from an annual gain of 2 percent a year earlier.

Wages and salaries, which account for 70 percent of compensation, were up 2.4 percent in the third quarter from a year earlier, and benefits rose 2.3 percent.

But state and local workers got their biggest gain from an increase in benefits, up 3.7 percent over the past year; their wages and salaries rose just 2 percent, the department said Friday.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Economy
Wages and benefits paid to U.S. civilian workers grew at a steady pace in the third quarter.The Labor Department says total compensation rose 0.6 percent from July through September, same as it did from April through June.
employment, costs, wage, benefits
130
2016-05-28
Friday, 28 October 2016 03:05 PM
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