Employer compensation rose faster than wages in latest U.S. data
Federal data show U.S. employer compensation rose 3.4% over the year, while wages grew 3.2% and benefit costs increased 3.8% through June.
Federal data show U.S. employer compensation rose 3.4% over the year, while wages grew 3.2% and benefit costs increased 3.8% through June.
Median weekly earnings rose 4.6% for full-time U.S. wage and salary workers in the second quarter, but major pay differences remained across worker groups.
The July jobs report is due August 7. Here are the wage, hours and revision figures workers and households should watch against June’s baseline.