Montana Economy At a Glance 2003 May

Cover Montana Economy At a Glance 2003 May
Montana Economy At a Glance 2003 May
Montana.Dept. of Labor And Industry.Research And Analysis Bureau
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TO INFLATE WAGEI M ontana wage infornnation lags the calendar year by about two years because of the time involved surveying ennployers, analyzing the data and preparing it for publi- cation.
So what do you do if you want to inflate M ontana wages to the current year? There are two choices: O If you want to adjust the wage data to match increases in the cost of goods and services, you should use the U .S. Consumer Price Index, which is a monthly measure of the average change in prices paid by u
...rban consumers (about 80 percent of the noninstitutional U .S. population) for a fixed collection of goods and services. Find the Consumer Price Index at http://rad.dli.state.mt.us/program/cpi.asp .
© If you want to adjust wage data to match increases in the cost of wages, you should use the Employment Cost Index, which is calculated every three months and details the increases in wage and benefits for civilian workers, private industry workers, and state and local government workers. Find the Employment Cost Index at http://www.bls.qov/news.release/eci.toc.htm .


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