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The FSC's recommendations cover the establishment or modification of pay localities, the coverage of salary surveys (conducted by the Bureau of Labor Statistics) used to set locality pay, the process for making pay comparisons, and the level of comparability payments that should be made. The FSC's recommendations are advisory only; the ...
The preliminary annual benchmark revision for nonfarm payrolls was due for release at 10 a.m. on Wednesday but the figure - a reduction of 818,000 jobs estimated for the total level of employment ...
The Bureau of Labor Statistics revises its jobs reports ... Labor Department announced that it had overstated the number of jobs added to the U.S. economy from March 2023 to March 2024 —and by ...
The Federal Employees Pay Comparability Act of 1990 or FEPCA (H.R. 5241, Pub. L. 101–509) is a United States federal law relating to the salaries for employees of the United States Government. In the 1980s, salaries for civil servants in the executive branch had fallen behind private sector pay. FEPCA was enacted to provide guidelines to ...
The National Compensation Survey (NCS) is produced by the United States Department of Labor's Bureau of Labor Statistics (BLS), measuring occupational earnings, compensation costs, benefit incidence rates, and plan provisions. It is used to adjust the federal wage schedule for all federal employees.
In December 2007, the President's Pay Agent reported that an average locality pay adjustment of 36.89% would be required to reach the target set by FEPCA (to close the computed pay gap between federal and non-federal pay to a disparity of 5%). By comparison, in calendar year 2007, the average locality pay adjustment actually authorized was 16.88%.
Unit labor costs - the price of labor per single unit of output - increased at a 0.8% annualized rate last quarter, the Labor Department's Bureau of Labor Statistics said.
The President's Pay Agent consists of the Secretary of Labor and the Directors of the Office of Management and Budget (OMB) and the Office of Personnel Management (OPM). The Pay Agent's responsibility, pursuant to 5 U.S.C. 5304(d), as amended, approves locality and pay adjustments for federal employees as recommended by the Federal Salary Council.