BusinessDecember 16, 1996
BUSINESS MEMO: WAGES AND SALARIES UP
Wages and salaries, excluding benefits, for Midwest workers in private industry rose 0.6 percent during the third quarter of 1996, according to figures from the U.S. Department of Labor, Bureau of Labor Statistics, Kansas City office. During the year, from September 1995 through September 1996, the Midwest area experienced a 3.2 percent increase, just under the 3.3 percent increase nationally...
Wages and salaries, excluding benefits, for Midwest workers in private industry rose 0.6 percent during the third quarter of 1996, according to figures from the U.S. Department of Labor, Bureau of Labor Statistics, Kansas City office.
During the year, from September 1995 through September 1996, the Midwest area experienced a 3.2 percent increase, just under the 3.3 percent increase nationally.
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The West led in wage and salary cost growth, at 3.6 percent.
Employment Cost Index is a quarterly measure of the change in the price of labor. Each quarter, straight-time average hourly wage, salary rates and benefit cost data (cents-per-hour-worked) are collected from a probability sample of about 20,000 occupations from 4,700 sample establishments nationwide.
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