The Labor Department released its latest employment cost index, a quarterly report on how much employers are paying their employees, on Thursday. It showed that employment costs were up 0.8% in Q3.
Based on the Consumer Price Index, the cost of the basket of goods that (supposedly) we typically buy has risen by about 20% since 2020. To offset this “inflation tax,” compensation must rise by at ...
Explore MEWA advantages for small businesses: lower costs, shared risk, and better insurance options. Learn about ERISA ...
The numbers: The wages and benefits that companies pay their workers rose less than 1% for the second time in the past three quarters, reflecting the waning demand for labor in a slower-growing ...
The vast majority of employer health plans do not cover GLP-1s for weight loss. But roughly 20% do, many believing it will ...
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Employment cost index rises less than expected in Q3
The U.S. Employment Cost Index rose 0.8% Q/Q in Q3, slightly trailing the +0.9% expected and +0.9% in Q2, according to data from the Bureau of Labor Statistics published on Wednesday. Benefit costs ...
According to the International Foundation of Employee Benefit Plans, U.S. employers expect to see healthcare costs increase by 7% this year, marking the second year in a row employers predicted a leap ...
It’s a tale as old as time: Healthcare costs are rising faster than inflation, and employers are struggling to manage them as they eat up a larger and larger share of their budgets. Healthcare costs ...
Along with the personal consumption expenditures data released Friday — which the Federal Reserve thinks of as a proxy for inflation — we got some granular numbers on a big factor in the prices we see ...
The average cost of employer-sponsored healthcare coverage in the U.S. is expected to increase 9% next year, surpassing $16,000 per employee in 2025, according to a new Aon report. This projected ...
The average cost of employer-sponsored health plans is expected to grow 9% next year if companies don’t find ways to cut down on costs, according to a report by professional services company Aon. The ...
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