BLS: Private employer compensation costs in N.E. up 1.7% Y/Y in June

COMPENSATION COSTS for private industry employers in New England increased 1.7 percent year over year in June to $40.97 per hour. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
COMPENSATION COSTS for private industry employers in New England increased 1.7 percent year over year in June to $40.97 per hour. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
PROVIDENCE – Employer costs per hour for compensation in the private sector in New England increased 68 cents year over year to $40.97, a 1.7 percent increase, according to the Bureau of Labor Statistics Monday. Wages and salaries accounted for 68.3 percent of compensation while total benefits accounted for 31.7 percent of compensation costs, according…
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