[Economic Indicators January, 2003]
[Page Number 15]
[From the U.S. Government Publishing Office, www.gpo.gov]
EMPLOYMENT COST INDEX--PRIVATE INDUSTRY
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Index (June 1989 = 100) Percent change from
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3 months earlier 12 months earlier
Period Total -----------------------------------------------------------------------
compensa- Wages and Benefits \1\ Total Total
tion salaries compensa- Wages and Benefits \1\ compensa- Wages and Benefits \1\
tion salaries tion salaries
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Not seasonally adjusted
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1993:Dec.................................... 119.8 116.4 128.3 ......... ......... ............ 3.6 3.1 5.0
1994:Dec.................................... 123.5 119.7 133.0 ......... ......... ............ 3.1 2.8 3.7
1995:Dec ................................... 126.7 123.1 135.9 ......... ......... ............ 2.6 2.8 2.2
1996:Dec.................................... 130.6 127.3 138.6 ......... ......... ............ 3.1 3.4 2.0
1997:Dec.................................... 135.1 132.3 141.8 ......... ......... ............ 3.4 3.9 2.3
1998:Dec.................................... 139.8 137.4 145.2 ......... ......... ............ 3.5 3.9 2.4
1999:Dec.................................... 144.6 142.2 150.2 ......... ......... ............ 3.4 3.5 3.4
2000:Dec.................................... 150.9 147.7 158.6 ......... ......... ............ 4.4 3.9 5.6
2001:Dec.................................... 157.2 153.3 166.7 ......... ......... ............ 4.2 3.8 5.1
2002:Dec.................................... 162.3 157.5 174.6 ......... ......... ............ 3.2 2.7 4.7
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Seasonally adjusted
Not seasonally adjusted
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1999:Mar.................................... 140.2 138.1 145.2 0.3 0.4 0.0 3.0 3.3 2.2
June.................................. 141.8 139.7 146.7 1.1 1.2 1.0 3.3 3.6 2.5
Sept.................................. 143.1 140.9 148.2 .9 .9 1.0 3.1 3.2 2.8
Dec................................... 144.6 142.3 150.2 1.0 1.0 1.3 3.4 3.5 3.4
2000:Mar.................................... 146.6 143.9 153.1 1.4 1.1 1.9 4.6 4.2 5.5
June.................................. 148.3 145.4 155.1 1.2 1.0 1.3 4.6 4.1 5.7
Sept.................................. 149.8 146.7 157.0 1.0 .9 1.2 4.6 4.1 6.0
Dec................................... 151.1 147.9 158.8 .9 .8 1.1 4.4 3.9 5.6
2001:Mar.................................... 152.8 149.4 160.8 1.1 1.0 1.3 4.2 3.8 5.0
June.................................. 154.3 150.9 162.5 1.0 1.0 1.1 4.0 3.8 4.8
Sept.................................. 155.7 152.0 164.7 .9 .7 1.4 4.0 3.6 4.9
Dec................................... 157.3 153.4 166.8 1.0 .9 1.3 4.2 3.8 5.1
2002:Mar ................................... 158.7 154.8 168.6 .9 .9 1.1 3.9 3.5 4.8
June ................................. 160.4 156.3 170.9 1.1 1.0 1.4 4.0 3.6 5.1
Sept ................................. 161.4 156.9 172.6 .6 .4 1.0 3.7 3.2 4.8
Dec .................................. 162.5 157.6 174.7 .7 .4 1.2 3.2 2.7 4.7
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\1\ Employer costs for employee
benefits.
Note.--The employment cost index
is a measure of the change in the
cost of labor, free from the
influence of employment shifts among
occupations and industries.
Data exclude farm and household
workers.
Source: Department of Labor,
Bureau of Labor Statistics.