US, Employment value for Q3 zero.eight% versus zero.9% estimate

• Prior quarter zero.9%
• employment value index Q3 zero.eight% versus zero.9% estimae
• employment wages QoQ zero.eight% versus zero.9% final quarter
• employment advantages zero.eight% versus 1.zero% final quarter

HIGHLIGHTS and DETAILS from the BLS

• Civilian staff’ compensation prices rose by zero.eight% (seasonally adjusted) from June to September 2024.
• Over the 12-month interval ending in September 2024, civilian staff’ compensation prices elevated three.9%, down from four.three% in September 2023. (SLOWING)
• Wages and salaries for civilian staff rose three.9% over the previous yr, in comparison with a four.6% improve within the earlier yr. (SLOWING)
• Profit prices for civilian staff rose three.7% over the yr, in comparison with four.1% in September 2023. (SLOWING)
• Personal business staff’ compensation prices elevated three.6% over the yr, down from four.three% in September 2023. (SLOWING)
• Wages and salaries in non-public business rose three.eight%, in comparison with four.5% the prior yr. (SLOWING)
• Profit prices in non-public business rose three.three% over the yr, in comparison with three.9% the earlier yr. (SLOWING)
• Inflation-adjusted wages and salaries for personal business elevated 1.2% over the previous 12 months.

Evaluating Union to non-union staff.

• Union staff noticed a 5.eight% rise in compensation prices, whereas non-union staff noticed a three.four% improve over the yr. (Strike affect?)
• Wages for union staff elevated 6.four%, in comparison with three.6% for non-union staff.
• Profit prices rose four.9% for union staff and three.1% for non-union staff.

Authorities staff.

• State and native authorities staff’ compensation prices elevated four.7% over the previous yr, barely down from four.eight% within the earlier yr.
• Wages and salaries for presidency staff rose four.6%, and profit prices elevated four.eight% over the yr.

Trying on the developments from the desk above, the prices are transferring decrease QoQ and from a yr in the past as effectively.

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



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