Inflation-adjusted compensation costs in private industry up 0.6 percent over the year

Employer costs for total compensation in private industry rose 4.3 percent from September 2022 to September 2023. That compares with an increase of 5.2 percent from September 2021 to September 2022. Wages and salaries increased 4.5 percent and the cost of benefits increased 3.9 percent for the year ending in September 2023. READ MORE