5. Salary/COLA recommendation - Laserfiche WebLink

3 Table A. 3-month percent changes in the Employment Cost Index, seasonally adjusted June Sep. Dec. Mar. June Sep. Dec. Mar. Compensation component 2004 2004 2004 2005 2005 2005 2005 2006 Civilian workers Compensation costs 1.0 0.9 0.7 0.9 0.7 0.8 0.8 0.6 Wages and salaries 0.7 0.8 0.5 0.7 0.6 0.6 0.7 0.7 Benefit costs 1.7 1.2 1.3 1.6 0.9 1.1 0.9 0.5 Private industry Compensation costs 1.0 0.9 0.7 0.9 0.6 0.7 0.7 0.6 Wages and salaries 0.7 0.8 0.4 0.7 0.5 0.6 0.6 0.7 Benefit costs 1.6 1.0 1.2 1.5 0.8 0.9 0.7 0.4 State and local government Compensation costs 0.9 0.8 0.8 1.0 0.9 1.0 1.1 0.5 Wages and salaries 0.6 0.5 0.5 0.7 0.6 0.7 1.0 0.4 Benefit costs 1.8 1.6 1.5 1.6 1.4 1.6 1.5 0.7 Over-the-vear changes. not seasonaIlv adiusted Annual compensation cost increases moderated for civilian and private industry workers for the year ended March 2006, compared with their over-the-year increases for March 2005. Compensation costs for civilian workers increased 2.8 percent for the year ended March 2006, moderating from the 3.6 percent over- the-year increase for March 2005. Compensation costs in private industry rose 2.6 percent in the year ended March 2006, slowing from a 3.5 percent increase in March 2005. In contrast, compensation costs increased 3.7 percent for state and local governments for the year ended March 2006, compared with the over-the-year gain of3.6 percent in March 2005. (See tables B, 4,5, and 7.) Table B. 12-month percent changes in the Employment Cost Index, not seasonally adiusted Mar. Mar. Mar. Mar. Mar. Mar. Compensation component 2001 2002 2003 2004 2005 2006 Civilian workers Compensation costs 3.9 3.8 3.8 . 3.7 3.6 2.8 Wages and salaries 3.7 3.5 2.9 2.6 2.5 2.7 Bencfit costs 4.7 4.5 5.9 6.7 5.9 3.4 Private industry Compensation costs 4.2 3.8 3.6 3.8 3.5 2.6 . Wages and salaries 3.8 3.5 2.9 2.6 2.7 2.4 Benefit costs 5.2 4.4 5.7 6.8 5.5 3.0 State and local government Compensation costs 3.3 3.7 4.3 3.4 3.6 3.7 Wages and salaries 3.5 3.3 3.2 2.1 2.3 2.8 Benefit costs 2.9 4.8 6.6 6.4 6.7 5.4 The components of compensation differed in their rates of change. While increases in wages and salaries continued at a moderate pace, the sharp increases in benefit costs seen over the past several years slowed to a more moderate pace. For civilian workers, wages and salaries rose 2.7 percent in the year ended March 2006, compared with a gain of2.5 percent in March 2005. Benefit costs gained 3.4 percent for civilian workers for the year ended March 2006, slowing sharply from an increase of 5.9 percent for the year ended March 2005. (See tables B, 8, and 12.) Nonfarm privatc industry For the year ended March 2006, compensation costs increased 2.3 percent for goods-producing industries, sharply lower than the increase of3.7 percent for the year ended March 2005. The rise in compensation costs for manufacturing moderated for the year ending March 2006, advancing 1.9 percent