US This fall employment prices zero.9% versus zero.9% estimate

• Prior quarter zero.eight%
• Employment value index This fall zero.9% vs zero.9% estimate
• Employment value YoY three.eight% for the quarter ending December 2024 vs three.9% for yr ending September 2024
• Advantages zero.eight% vs zero.eight% final quarter. YoY rose three.6% for 2024 vs three.eight% in 2023
• Wages zero.9% vs zero.eight% final quarter. YoY three.eight% vs four.three% in 2023

Taking a look at a few of the particulars:

Non-public Business Employees:

• Compensation prices elevated three.6% (four.1% in Dec 2023).
• Wages and salaries elevated three.7% (four.three% in Dec 2023).
• Profit prices elevated three.three% (three.6% in Dec 2023).
• Inflation-adjusted wages and salaries elevated zero.eight%.

Non-public Business by Bargaining Standing:

• Union staff: Compensation prices elevated 5.1%, wages and salaries 5.5%, profit prices four.6%.
• Non-union staff: Compensation prices elevated three.four%, wages and salaries three.5%, profit prices three.1%.

State and Native Authorities Employees:

• Compensation prices elevated four.7% (four.6% in Dec 2023).
• Wages and salaries elevated four.5% (four.7% in Dec 2023).
• Profit prices elevated four.9% (four.6% in Dec 2023).

The YoY numbers are down from 2023 which is sweet with wages making a leap from four.three% in 2023 to three.eight% in 2024.

Wanting on the chart above, the federal government compensation YoY is regular, whereas the non-public compensation is trending decrease. I might count on with DOGE trying to shrink the deficit, this chart is not going to sit proper with the powers that be.

This text was written by Emma Wang at www.ubaidahsan.com.



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