WKYT | Lexington, Kentucky | News

Employment costs rise 1.8 percent in past 12 months

WASHINGTON (AP) - Employment compensation for U.S. workers has grown over the past 12 months by the lowest amount on record, reflecting the severe recession that has gripped the country.

The Labor Department said Friday that employment costs rose by 1.8 percent for the 12 months ending in June, the smallest annual gain on records that go back to 1982.

The department said that for the April-June quarter, its Employment Cost Index rose by just 0.4 percent, just slightly above the 0.3 percent rise in the first quarter, which had been the smallest quarterly gain on record.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by steve on Jul 31, 2009 at 05:24 PM
    Obamanomics has hit good luck.
  • by steve Location: irvine on Jul 31, 2009 at 08:15 AM
    No suirprise here we have a idiot and idiots running the country!


2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Register for Email
RSS Feeds
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 52185027 - wkyt.com/a?a=52185027
Gray Television, Inc.