January 31, 2022
The U.S. Bureau of Labor Statistics reported that compensation costs for civilian workers climbed 1.0%, seasonally adjusted, for the three months ending in December 2021. From September 2021, wages and salaries climbed by 1.1%, whereas benefit costs increased by 0.9%.
Compensation costs for civilian workers grew by 4.0% in the year ending in December 2021 and 2.5% in the year ending in December 2020. For the 12-month period ending in December 2021, wages and salaries climbed 4.5%, while for the 12-month period ending in December 2020, wages and salaries increased 2.6%. Benefit costs rose 2.8% year over year, and 2.3% in the 12-month period ending in December 2020.
Compensation costs in the private sector climbed by 4.4% year over year. The rise was 2.6% in December 2020. Wages and salaries climbed 5.0% in the year ending December 2021 and 2.8% in the year ending December 2020. The cost of benefits grew by 2.9% in the 12-month period ending in December 2021, and by 2.1% in the 12-month period ending in December 2020. For the 12 months ending in December 2021, inflation-adjusted (constant dollar) private wages and salaries fell by 1.9%. Inflation-adjusted benefit costs fell 3.8% in the private sector.
Increases in compensation cost in private industry occupational groups ranged from 3.5% for management, professional, and related occupations to 7.1% for service occupations over the 12-month period ending in December 2021. Compensation cost increases across industry supersectors varied from 3.3% for financial activities to 8.0% for leisure and hospitality.
Compensation costs for state and local government workers climbed 2.6% for the year ending in December 2021, compared to 2.3% for the year ending in December 2020. For the 12-month period ending in December 2021, wages and salaries grew 2.7%, compared to 1.8% a year ago. For the 12-month period ending in December 2021, benefit costs increased by 2.5%. The rise over the previous year was 3.1%.
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