It's a nice number to see, but are the new wave of jobs worth a damn? If most of them are only making a few steps over minimum wage, then yea.....
Good Point!
-----------------------------------
Bureau of Labor Statistics Data
Data extracted on: October 3, 2014 (9:23:40 AM)
Employment Cost Index
Series Id: CIU1010000000000A (B,C)
Not seasonally adjusted
Series Title:
Total compensation for All Civilian workers in All industries and occupations, 12-month percent change
Ownership: Civilian workers
Component: Total compensation
Occupation: All workers
Industry: All workers
Subcategory: All workers
Area: United States (National)
Periodicity: 12-month percent change
Year Qtr1 Qtr2 Qtr3 Qtr4 Annual
2004 3.7 3.8 3.8 3.7
2005 3.6 3.2 3.0 3.1
2006 2.8 3.0 3.3 3.3
2007 3.5 3.3 3.3 3.3
2008 3.3 3.1 2.9 2.6
2009 2.1 1.8 1.5 1.4
2010 1.7 1.9 1.9 2.0
2011 2.0 2.2 2.0 2.0
2012 1.9 1.7 1.9 1.9
2013 1.9 1.9 1.9 2.0
2014 1.8 2.0
B : Includes wages, salaries, and employer costs for employee benefits.
C : See Footnote C on
Employment Cost Index Footnote Page.
Series Id: CIU2020000000000A
Not seasonally adjusted
Series Title:
Wages and salaries for Private industry workers in All industries and occupations, 12-month percent change
Ownership: Private industry workers
Component: Wages and salaries
Occupation: All workers
Industry: All workers
Subcategory: All workers
Area: United States (National)
Periodicity: 12-month percent change
Download: Download as an Excel File
Year Qtr1 Qtr2 Qtr3 Qtr4 Annual
2004 2.6 2.7 2.6 2.6
2005 2.7 2.5 2.3 2.5
2006 2.4 2.8 3.0 3.2
2007 3.6 3.3 3.4 3.3
2008 3.2 3.1 2.9 2.6
2009 2.0 1.6 1.4 1.3
2010 1.5 1.6 1.6 1.8
2011 1.6 1.7 1.7 1.6
2012 1.9 1.8 1.8 1.7
2013 1.7 1.9 1.8 2.1
2014 1.7 1.9
B : Includes wages, salaries, and employer costs for employee benefits.
C : See Footnote C on
Employment Cost Index Footnote Page.