Wages and Salaries Increased 4.6% Over 12-Month Period

In its September 2021 Employment Cost Index, the U.S. Bureau of Labor Statistics reported: Compensation costs for private industry workers increased 4.1 percent over the year. In September 2020, the increase was 2.4 percent. Wages and salaries increased 4.6 percent for the 12-month period ending in September 2021 and increased 2.7 percent in September 2020.

The cost of benefits increased 2.6 percent for the 12-month period ending in September 2021 and increased 2.0 percent in September 2020.

Employer costs for health benefits of private industry workers increased 0.4 percent for the 12-month period ending in September 2021. 10/29/2021

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