BOSTON – Compensation costs for private industry workers in the Boston metropolitan area rose 2.3 percent in the year ended June 2010 compared with a 3.5 percent increase a year earlier, the U.S. Bureau of Labor Statistics reported Wednesday.
The Boston-Worcester-Manchester, Mass.-N.H. area saw the third highest increase in its Employment Cost Index among 15 metropolitan areas defined by the Bureau of Labor Statistics. The ECI is used by the Bureau to measure quarterly changes in the cost of labor, including changes in wages, salaries and employee benefits.
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In the Northeast, which includes the Boston, New York and Philadelphia metropolitan areas, Boston and Philadelphia tied with 2.3 percent ECI increases, while New York saw a gain of 1.5 percent.
Costs for wages and salaries, the largest component of the ECI, also rose 2.3 percent in the Boston area. In comparison, Philadelphia’s wages and salaries gained 1.4 percent.
Nationwide, the Bureau reported an ECI change of 1.9 percent for total compensation costs, with salaries and wages climbing 1.6 percent. The cost index has been reported since Dec. 2006.
Additional information is available at www.bls.gov.
