Subscribe to our free, weekly email newsletter!



Who is worried about “wage inflation?”

By Patrick Burnson, Executive Editor
January 31, 2012

Even though the unemployment rate has fallen to 8.5 percent in recent months, IHS Global Insight continues to expect much labor market slack in the coming quarters.

According to analysts, this should help keep a lid on employers’ compensation costs, and hence limit wage inflation. Key takeaways from the employment cost index (ECI), include these observations:


• Employment costs for civilian workers rose a shy 0.4 percent in the fourth quarter of 2011, with wages and salaries up 0.4 percent and benefits up 0.6 percent.
• Private industry compensation was up 0.4 percent while state and local compensation rose 0.3 percent.
• Year-over-year, compensation costs for civilians increased 2.0 percent, with wages and salaries rising 1.4 percent and benefits up 3.2 percent on higher health benefits.
• Private sector compensation rose 2.2 percent over last year, while state and local compensation edged up a meager 1.3 percent – the lowest increase on record (since 1982).

With our annual “Salary Survey” coming up in April, I invite readers to share their thoughts, impressions, and experience regarding wages and compensation.

 

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The Coalition for Transportation Productivity (CTP)called on Congress to take a close look at data recently issued by the Department of Transportation (DOT) in its “Comprehensive Truck Size and Weight Limits Study, ” and focus on reforming Interstate vehicle weight limits for six-axle trucks.

A recent report published by The Boston Consulting Group (BCG) and the Grocery Manufacturers Association makes clear the supply chain challenges consumer packaged goods (CPG) shippers are up against, with some of these challenges, specifically transportation-related ones, gaining traction in recent years.

Join Evan Armstrong, president of Armstrong & Associates, as he explains how creating a balanced portfolio of "Top 50" global and domestic partners can maximize efficiency and mitigate risk. Using the precise metrics captured in Armstrong’s most recent study, he'll demonstrate how shippers can measure ROI and plan for the future.

At $2.832 per gallon, the average price per gallon was down 1.1 cents, following drops of 1.6 and 1.1 cents the previous two weeks and a cumulative 8.2 cent cumulative drop over the last six weeks.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.0 in June, which edged out May by 0.3 percent.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA