Employer spending on benefits rose at the slowest pace on record in
the first quarter, as companies began bracing for higher health costs
with next year's launch of ObamaCare.
Total benefits, such as insurance and pension contributions, rose
just 0.1% vs. the end of last year, the smallest gain in Labor
Department data going back to 2001. By comparison, payroll employment
grew by a half-million, or 0.4%, in Q1. So benefits-per-worker declined.
Total employee benefits provided outside of government jobs declined outright.
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