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Private workers’ compensation rose 2.2% in 2016

Total compensation costs for U.S. private industry workers—including wages, salaries and employer  benefit costs—increased by 2.2 percent in 2016, according to the Employment Cost Index report released by the Bureau of Labor Statistics on Tuesday. The increase follows a 1.9 percent increase for 2015 reported a year ago. Costs for private industry workers in the West and Midwest regions in 2016 increased at double the rate for workers in the South, according to the BLS report.

2/3/2017 (c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email rbj@rbj.net.
 

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