December 2022 Employment Cost Index

Historical release narrative reproduced from the official public-domain source. Statistical tables, standard technical appendices, administrative material and attendance rosters are omitted; formatting is adapted for reading. Figures retain the release's historical context and may have been revised. Consult the linked source for the complete document.

Compensation costs for civilian workers increased 1.0 percent, seasonally adjusted, for the 3-month period ending in December 2022, the U.S. Bureau of Labor Statistics reported today. Wages and salaries increased 1.0 percent and benefit costs increased 0.8 percent from September 2022. (See tables A, 1, 2, and 3.)

Compensation costs for civilian workers increased 5.1 percent for the 12-month period ending in December 2022 and increased 4.0 percent in December 2021. Wages and salaries increased 5.1 percent for the 12-month period ending in December 2022 and increased 4.5 percent for the 12-month period ending in December 2021. Benefit costs increased 4.9 percent over the year and increased 2.8 percent for the 12-month period ending in December 2021. (See tables A, 4, 8, and 12.)

Compensation costs for private industry workers increased 5.1 percent over the year. In December 2021, the increase was 4.4 percent. Wages and salaries increased 5.1 percent for the 12-month period ending in December 2022 and increased 5.0 percent in December 2021. The cost of benefits increased 4.8 percent for the 12-month period ending in December 2022 and increased 2.9 percent in December 2021. Inflation-adjusted (constant dollar) private wages and salaries declined 1.2 percent for the 12 months ending December 2022. Inflation-adjusted benefit costs in the private sector declined 1.5 percent over that same period. (See tables A, 5, 9, and 12.)

Among private industry occupational groups, compensation cost increases for the 12-month period ending in December 2022 ranged from 4.2 percent for natural resources, construction, and maintenance occupations to 6.9 percent for service occupations. Within industry supersectors, compensation cost increases ranged from 4.3 percent for construction to 6.4 percent for leisure and hospitality. (See table 5.)

Compensation costs for state and local government workers increased 4.8 percent for the 12-month period ending in December 2022, compared with an increase of 2.6 percent in December 2021. Wages and salaries increased 4.7 percent for the 12-month period ending in December 2022 and 2.7 percent a year ago. Benefit costs increased 5.0 percent for the 12-month period ending in December 2022. The prior year increase was 2.5 percent. (See tables A, 7, 11, and 12.)

Updated Employment Weights

Beginning with the December 2022 news release, the Employment Cost Index is introducing new employment weights based on the 2018 Standard Occupational Classification (SOC) system, see www.bls.gov/eci/notices/2022/eci-2021-fixed-weights-and-2018-soc-update.htm.