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West Virginia Job Expense Record
Category:
State:
Multi-State
Control #:
US-150-AZ
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Word;
PDF;
Rich Text
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Description
How to fill out Job Expense Record?
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FAQ
Compensation costs increased 1.0 percent for civilian workers, seasonally adjusted, from September 2021 to December 2021. Over the year, total compensation rose 4.0 percent, wages and salaries rose 4.5 percent, and benefit costs rose 2.8 percent.
As the unemployment rate in the State of West Virginia is significantly higher than most other states, the West Virginia Legislature enacted the West Virginia Jobs Act, which deems it necessary for those employers contracted to perform construction work on state funded public improvement projects, which equal or exceed
The Employment Cost Index (ECI), published by the U.S. Department of Labor's Bureau of Labor Statistics (BLS), is a quarterly measure of the change in the cost of labor, free from the influence of employment shifts among occupations and industries.
Compensation costs for civilian workers increased 1.0 percent, seasonally adjusted, for the 3-month period ending in December 2021, the U.S. Bureau of Labor Statistics reported today. Wages and salaries increased 1.1 percent and benefit costs increased 0.9 percent from September 2021.
The ECI is computed from compensation cost data collected from a sample of jobs within sampled business establishments and government opera- tions.
The idea is that wage pressure increases in lockstep with inflation because compensation tends to increase before companies hike prices for consumers.
The Employment Cost Index, the broadest measure of labor costs, rose 1.0% last quarter after increasing 1.3% in the July-September period, the Labor Department said on Friday. Labor costs surged 4.0% on a year-on-year basis, the largest rise since 2001, after increasing 3.7% in the third quarter.
According to the National Low Income Housing Coalition's 2020 Out of Reach report, to comfortably pay rent in West Virginia, the minimum wage should be around $14.97.
In 2020, the average annual pay of employees in West Virginia totaled to 48,724 U.S. dollars. This is an increase from 2001 levels, when this figure stood at 27,981 U.S. dollars.
Compensation costs increased 1.0 percent for civilian workers, seasonally adjusted, from September 2021 to December 2021. Over the year, total compensation rose 4.0 percent, wages and salaries rose 4.5 percent, and benefit costs rose 2.8 percent.
