Employment Cost Index: Total Civilian Compensation Increases 0.8%
The Employment Cost Index’s Total Civilain Compensation for Q4 2007 increased 0.8%, in line with expectations and indentical to Q3’s 0.8% increase.
Total Civilian Compensation Y-o-Y grew 3.3%, which was consistent with the 3.3% reported in Q4 2006. Civilian Wages increased 0.8% Q-o-Q and 3.4% Y-o-Y. Benefit costs for Civilians increased 0.9% Q-o-Q, a slight acceleration from Q3’s 0.8%. However, the Y-o-Y change in Benefit costs slowed to 3.1% from 3.6% in Q3.