The Housing Chronicles Blog: First quarter 2018 compensation costs up 0.8 percent and 2.7 percent year-on-year

Friday, April 27, 2018

First quarter 2018 compensation costs up 0.8 percent and 2.7 percent year-on-year


Compensation costs for civilian workers increased 0.8 percent, seasonally adjusted, for the 3-month period ending in March 2018. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.9 percent, and benefits (which make up the remaining 30 percent of compensation) increased 0.7 percent.  Year-on-year, compensation costs rose by 2.7 percent, with wages up 2.7 percent and benefits rising 2.6 percent.


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