Table: The Skinny on Payroll
A list of government reports on compensation
EMPLOYMENT COST INDEX
A quarterly series by the Labor Dept. The ECI covers wages, salaries, and benefits of all employees working in the private sector and state and local governments. Labor costs are calculated per hour worked and then indexed to a base year of 1996.
PRODUCTIVITY & COSTS
Within Labor's closely watched Productivity Report are data covering the growth of compensation for each hour worked. Unlike the ECI, this compensation series includes stock options and is used to calculate unit labor costs, or the cost of labor to produce each unit of output from a motor vehicle to a bank transaction.
Included in Labor's monthly employment report. This wage series tracks the hourly pay of production and nonsupervisory workers (about 80% of the workforce) across a breadth of manufacturing and service industries. Also tallies up overtime pay in manufacturing.