The Housing Chronicles Blog: 2Q 2017 employment cost index rose 0.5 percent, up 2.4 percent year-on-year

Monday, July 31, 2017

2Q 2017 employment cost index rose 0.5 percent, up 2.4 percent year-on-year

Compensation costs for civilian workers increased 0.5 percent, seasonally adjusted, for the 3-month period ending in June 2017. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.5 percent, and benefits (which make up the remaining 30 percent of compensation) increased 0.6 percent.  These same total costs increased 2.4 percent for the 12-month period ending in June 2017.


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