Employment Cost Index in US (2021 Q04) – Employers spent 4% more on wages and benefits

Compensation costs for civilian workers increased 4.0 percent for the 12-month period ending in December 2021 and increased 2.5 percent in December 2020. Wages and salaries increased 4.5 percent for the 12-month period ending in December 2021 and increased 2.6 percent for the 12-month period ending in December 2020. Benefit costs increased 2.8 percent over the year and increased 2.3 percent for the 12-month period ending in December 2020.

Chosen excerpts by Job Market Monitor. Read the whole story @  Employment Cost Index Summary – 2021 Q04 Results