EMPLOYMENT COSTS IN TRANSPORTATION OCCUPATIONS
EMPLOYMENT COSTS IN TRANSPORTATION OCCUPATIONS
Employment Cost: Transportation Occupations (quarterly data, not seasonally adjusted)
The increased share of wage and salary in total employment cost during the last year was also observed among transportation occupations. Between the fourth quarter of 2000 and the fourth quarter of 2001, total compensation of transportation occupations increased 3.69 percent, while wages and salaries of transportation occupations increased 3.78 percent, indicating benefits increased at a slower rate during the same period.
| Transportation Occupations (Index) | Q4 00 | Q4 01 |
|---|---|---|
| Total compensation (private) | 141.10 | 146.30 |
| Total compensation (private) percent change from same quarter previous year | 4.36 | 3.69 |
| Wages and salaries (private) | 137.60 | 142.80 |
| Wages and salaries (private) percent change from same quarter previous year | 3.69 | 3.78 |
NOTES: The current value is compared to the value from the same period in the previous year to account for seasonality.
Employment costs of transportation industry is the weighted average of the employment costs of all occupations working in transportation industries, including nontransportation industries. Employment costs of transportation occupations is the weighted average of the employment costs of all transportation occupations, including those working in non-transportation industries, such as truck drivers working for retail stores.
SOURCE: U.S. Department of Labor, Bureau of Labor Statistics, Employment Cost Trends, available at http://www.bls.gov/ncs/ect/.