News Artcle

U.S. employment costs climb 0.5% in 4th quarter

Published January 31, 2013

WASHINGTON (MarketWatch) - The employment cost index measuring the price of U.S. labor rose a mild 0.5% in the fourth quarter, seasonally adjusted, the Labor Department said Thursday. That matched the forecast of economists surveyed by MarketWatch. The ECI is a closely followed index that reflects how much companies, governments and nonprofit institutions pay their employees in wages and benefits. Wages - some 70% of employment costs - rose a seasonally adjusted 0.3% in the fourth quarter and benefits were up 0.6%. Total employment costs grew at the same pace over the past 12 months for private-sector and government workers alike. For all of 2012, employments costs climbed an unadjusted 1.9%, down slightly from 2.0% in 2011. Wages increased an unadjusted 1.7% vs. 1.4% in 2011. Benefits posted a 2.5% gain over the past 12 months, down from 3.2% in 2011. The decline in benefits growth is evidence that the cost of health care for companies didn't increase as quickly last year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

[ read more ]
Utah Business Social
UB Events View All
SAMY Awards 2015Utah Business Event
Jan 23, 2015
Utah Business magazine along with Presenting Sponsor: Griffin Hill, Premier Sponsors: The Summit ...
Forty Under 40 - 2015Utah Business Event
Feb 26, 2015
Utah Business Magazine along with Presenting Sponsors: Kirton McConkie, BIG-D Construction and Ma...
CEO of the Year 2015 ... NOMINATIONS NOW OPEN!Utah Business Event
Mar 31, 2015
CEO of the Year Nominations end - January 7, 2015. Visit: www.utahbusiness.com/nomination_item...
Community Events View All
Create Success: Intellectual Property Protection for Growth Technology Companies
Dec 31, 2015
This is a presentation by Michael Best, a major national leader in the commercialization of Intel...
Inbound Marketing SLC: Focus on Ecommerce
Dec 31, 2015
Come learn from four ecommerce experts how to grow your business through inbound marketing. Regis...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel