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EMPLOYMENT COST INDEX FOR THE WEST -- DECEMBER 1992

 SAN FRANCISCO, Jan. 28 /PRNewswire/ -- The Employment Cost Index (ECI) for private industry workers rose 3.6 percent in the West from December 1991 to December 1992, according to Sam Hirabayashi, regional commissioner of the U.S. Department of Labor's Bureau of Labor Statistics. He said that a 3.1 percent increase in wages and salaries accounted for most of the 3.6 percent rise in compensation. Wages and salaries and total compensation had increased 3.3 percent and 3.7 percent respectively in the year ending September 1992. In the year ending December 1991, compensation in the West had advanced 4.3 percent while wages and salaries alone rose 3.8 percent.
 The 3.6 percent rise in compensation in the West was slightly above the 3.5 percent increase in compensation for private industry workers in the nation during this period. The advance in the West was also greater than the 3.5 percent increases in both the Northeast and the Midwest, and exceeded the 3.2 percent rise in the South.
 Employer costs for total compensation rose 0.7 percent in the fourth quarter in the West, equaling the 0.7 percent advance in the nation. The increase in the West also matched the 0.7 percent rise in the Midwest, was slightly above the 0.6 percent increase in the South, but trailed the 0.8 percent advance in the Northeast in the latest quarterly period. The ECI for the West is not seasonally adjusted.
 In the five-year span from December 1987 to December 1992, total compensation in the West increased 22.1 percent, below the 24.2 percent increases both in the nation and the Midwest, and well below the 27.5 percent advance in the Northeast. The increase in compensation in the West matched the 22.1 percent advance in the South during this period.
 For wages and salaries alone, (exclusive of fringe benefits), the ECI for private industry workers in the West rose 0.5 percent in the fourth quarter of 1992. This was slightly under the 0.6 percent advances in the nation and the other regions during this period.
 In the year ending December 1992, Western wages and salaries rose 3.1 percent, above the 2.6 percent advance in the Nation. The 3.1 percent rise in the West was also greater than the increases of 2.5 percent in the Northeast, 2.8 percent in the South, and 2.4 percent in the Midwest during the past year. The 3.1 percent increase in wage and salary costs from December 1991 to December 1992 was below the 3.5 percent increase in the Consumer Price Index (CPI-U) for the West during this period. During the past five years, the 18.9 percent rise in wage and salary costs was well under the 23.8 percent advance in the CPI for the West.
 -0- 1/28/93
 /CONTACT: Sam Hirabayashi, 415-744-7166, or Leon Bornstein, 415-744-7163, of the U.S. Department of Labor Bureau of Labor Statistics/


CO: U.S. Department of Labor Bureau of Labor Statistics ST: California IN: SU: ECO

TM -- SF005 -- 0148 01/28/93 10:29 EST
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Date:Jan 28, 1993
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