Home > Off Blog > Output grows at the fastest pace in 6 years, while wages increase at the slowest pace in 27 years…

Output grows at the fastest pace in 6 years, while wages increase at the slowest pace in 27 years…

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Compensation costs increased 1.2 percent, the same as last quarter’s 12-month percent increase. These are the smallest percent changes published since the series began in 1979. The wage and salary series increased 1.4 percent for the current 12-month period, the same as the September 2009 12-month percent increase. These are also the smallest published percent changes since the series began in 1975. The cost of benefits increased 1.0 percent for the 12-month period ending December 2009. This is the smallest published percent change since the series began in 1979. In September 2009, benefits increased 1.1 percent. Employer costs for health benefits increased 4.4 percent for the 12-month period ending December 2009. In December 2008, the 12-month percent change was 3.5 percent. (emphasis added)

U.S. Department of Labor

Despite what you will hear today, these are not good numbers for anyone except the sellers of luxury yachts.Output is increasing even as unemployment is rising; wages are entirely stagnant.

Compensation costs increased 1.2 percent, the same as last quarter’s 12-month percent increase. These are the
smallest percent changes published since the series began in 1979. The wage and salary series increased 1.4 percent for
the current 12-month period, the same as the September 2009 12-month percent increase. These are also the smallest
published percent changes since the series began in 1975. The cost of benefits increased 1.0 percent for the 12-month
period ending December 2009. This is the smallest published percent change since the series began in 1979. In September
2009, benefits increased 1.1 percent. Employer costs for health benefits increased 4.4 percent for the 12-month period

Compensation costs increased 1.2 percent, the same as last quarter’s 12-month percent increase. These are the
smallest percent changes published since the series began in 1979. The wage and salary series increased 1.4 percent for
the current 12-month period, the same as the September 2009 12-month percent increase. These are also the smallest
published percent changes since the series began in 1975. The cost of benefits increased 1.0 percent for the 12-month
period ending December 2009. This is the smallest published percent change since the series began in 1979. In September
2009, benefits increased 1.1 percent. Employer costs for health benefits increased 4.4 percent for the 12-month period
ending December 2009. In December 2008, the 12-month percent change was 3.5 percent.

ending December 2009. In December 2008, the 12-month percent change was 3.5 percent.

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