TITLE

U.S. Industry Quarterly Review: Labor

PUB. DATE
April 2004
SOURCE
U.S. Industry Quarterly Review: Labor;2004 2nd Quarter, p197
SOURCE TYPE
Industry Profile
DOC. TYPE
Industry Overview
ABSTRACT
The article presents information on labor employment and wage earnings. The surge in health benefit costs has been a key culprit in both hiring and wage growth decisions and the reason temporary help has been more attractive for employers to meet rising demand. Clearly, employers must be convinced that the recovery is at hand before committing to permanent hires. The employment cost index for total compensation for private industry workers rose 3.9% in the 12 months to March 2004, up slightly from 3.8% a year earlier. Global Insight Inc. expects overall wage gains to remain muted in 2004, as workers' pay gains are suppressed by surging employer benefit costs. The article also provides statistical data relating to employment in manufacturing and mining sectors.
ACCESSION #
14621425

 

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