Bureau of Labor Statistics: Compensation gains in metro Boston lag those for US
Total compensation costs for private industry workers in metro Boston increased 1.5 percent, compared with a national gain of 2 percent, the Bureau of Labor Statistics said.
The bureau, a unit of the US Department of Labor, studied compensation costs for the 12 month period that ended in September. In compiling the data, the bureau examined 15 metropolitan areas in the United States; eight of those 15 metro areas, including metro Boston, posted compensation growth below the US average, the bureau said.
Wages and salaries are the biggest component of total compensation costs, and in metro Boston, wages and salaries rose 1.1 percent for the reporting period, while this category increased 1.8 percent nationwide, the bureau said.
In terms of total compensation, changes ranged from 3.8 percent increase for metro Atlanta to a 0.3 percent decline for metro Detroit, the bureau said.Chris Reidy can be reached at firstname.lastname@example.org.