Employment Costs Rising

 

Following sharper gains earlier this year, private-sector wages and salaries rose 0.8 percent in the second quarter, the Labor Department reported Tuesday.

At the same time, employee-benefit costs jumped by 1.1 percent, up from 0.3 percent in the first quarter, the report said.

Together, the gains pushed total compensation costs up by 0.9 percent, compared to 0.6 percent during the previous quarter. In the past year, compensation costs have grown by 3.1 percent.

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