The Southwest Information Office of the U.S. Bureau of Labor Statistics today released the Dallas-Fort Worth and Houston editions of Changing Compensation Costs – December 2022. This information comes from the Employment Cost Index (ECI), which measures changes in wages and total compensation costs (wages plus benefits). Data are produced for the nation, regions, and 15 large metropolitan areas. (See chart 3.)
Wages and salaries, which make up about 70% of total compensation costs, rose 5.5% in Dallas and 3.3% in Houston during the 12 months ending in December 2022.
Nationally, private wages and salaries rose 5.1% during the latest period, compared to an increase of 4.4% in December 2021. Inflation-adjusted (constant dollar) private wages and salaries declined 1.2% for the 12 months ending December 2022.