Federal Executive Branch
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Year in Review: Warfighting is the Army's Top Priority
WASHINGTON, Dec. 13 -- The U.S. Army News Service issued the following news:
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Year in Review: Warfighting is the Army's top priority
By Sgt. 1st Class Nicholas Nofziger
United States Army Soldiers proved the most lethal and combat-ready force in the world in 2025. From showcasing advanced warfighting capabilities and tactics, securing and defending the nation from within our borders, to proving our skills in international conflict, there is no doubt the U.S. Army's training prepares Soldiers to fight and win.
IMPROVED CAPABILITIES
Exercise Saber Junction, an annual training exercise
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WASHINGTON, Dec. 13 -- The U.S. Army News Service issued the following news:
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Year in Review: Warfighting is the Army's top priority
By Sgt. 1st Class Nicholas Nofziger
United States Army Soldiers proved the most lethal and combat-ready force in the world in 2025. From showcasing advanced warfighting capabilities and tactics, securing and defending the nation from within our borders, to proving our skills in international conflict, there is no doubt the U.S. Army's training prepares Soldiers to fight and win.
IMPROVED CAPABILITIES
Exercise Saber Junction, an annual training exerciseconducted in the rigorous mountain terrain of eastern Germany, with 15 Allied nations tested every single warfighting function in tough, realistic simulations. Never has this type of coordinated training been more prescient to large scale combat operations preparation, and the Soldiers of USAREUR-AF definitely rose to the occasion.
The Army has spent all year perfecting its counter-Unmanned Aerial System defense capabilities through a series of events known as Project Flytrap. The most recent iteration was mid-November in Germany where air defense Soldiers, procurement specialists, and commercial vendors joined to test innovative systems designed to detect, discriminate, and/or defeat air threats. In the spirit of competition, Project Flytrap 4.5 provided a $350,000 cash prize to four participants who presented the most innovative designs.
A lethal warfighter must be physically fit, something the Army has always known and always taken seriously. In advance of Secretary of War Pete Hegseth's Sept. 30 speech to senior military leadership, the Army had already overhauled its physical fitness testing system. On June 1, a leaner, more combat-focused Army Fitness Test officially replaced its former test, ensuring Army Warriors are more prepared for future combat. To double down on its commitment to physical fitness, Soldiers scoring exceptionally well on the Army Fitness Test are now exempt from meeting body fat standards.
PROTECTING THE HOMELAND
Under the orders of President Donald Trump, this year saw the mobilization of Army National Guard troops nationwide to protect major cities from unrest. Los Angeles, California; Portland, Oregon; and Chicago, Illinois, have all hosted or are preparing to host Commander-in-Chief-directed forces to ensure the safety and security of all Americans during a tumultuous time. Protecting our own backyard is imperative to ensuring the Army can defend the nation aboard.
Further, the Army established Joint Task Force-Southern Border under USNORTHCOM, led by the 10th Mountain Division and quickly established four new National Defense Areas along the U.S. southern border. The Army is responsible for NDAs in New Mexico and west Texas, while the Air Force controls the South Texas NDA and the Navy an NDA in Yuma, Arizona. Approximately 8,500 forces have been attached to JTF-SB since its creation, leading to a more secure and defended southern U.S. border.
The Army National Guard continued its dedication to providing swift and precise assistance when called upon within 24 hours of President Trump's Aug. 11 call to transform Washington, D.C. Joint Task Force-D.C. Safe and Beautiful has already cleaned up the city with the Metro Police Department and civilian leadership across the district, while also providing crucial security assistance and devoted personal care to the residents and visitors of the nation's capital.
BATTLE-TESTED SOLDIERS
Australia hosted Exercise Talisman Sabre 25, a biennial multinational event, from July to Aug, resulting in some of the most spectacular battle-ready effects heretofore seen. Soldiers worked alongside Australian Defence Force and 18 other nations to execute military and special operations on land, sea, and in air. For the first time on the Australian mainland, Soldiers conducted a High Mobility Artillery Rocket System launch, signaling a new era in modern Army combat effectiveness. To the west, the Typhon mid-range missile system was launched against a maritime target, another first time victory for the U.S. Army.
On the evening of Mon. June 23, 44 Soldiers remained on Al-Udeid Air Base, Qatar. Base officials had received reports of possible Iranian counterstrikes following Operation Midnight Hammer's successful destruction of key nuclear facilities. When the alarms sounded, round after round of Patriot missiles effectively destroyed the inbound Iranian missiles, marking the "largest single Patriot engagement in U.S. military history," according to U.S. Air Force Gen. Dan Caine, Chairman of the Joint Chiefs of Staff.
CELEBRATING OUR PAST
Demonstrations of our combat power marked the U.S. Army's 250th Birthday during a year-long celebration. Highlighting victory in combat events over the past 250 years, the U.S. Army showcased the evolution of our strength from The Revolutionary War through the Global War on Terror. Modern technology and equipment heavily featured in the Birthday Parade in Washington, D.C., the famed Golden Knights parachute team completed a precision jump, the Army Birthday Fitness Challenge on the National Mall demonstrated exceptional Soldier physical strength, and 250 Soldiers were reenlisted into continued Army service by the President of the United States.
Finally, a major headline for 2025 was the redesignation of several U.S. Army installations across the country. Most notably, Fort Bragg, previously named Fort Liberty, was redesignated in honor of Pfc. Roland L. Bragg, a WWII paratrooper who earned the Silver Star. Once again, Army Aviators will train and perfect their craft at Fort Rucker, formerly Fort Novosel. Named for Army Capt. Edward W. Rucker, Jr., an aviation pioneer and pilot in WWI. "The Great Place" is once again Fort Hood, after WWI hero Col. Robert Benjamin Hood. The Combined Arms Support Command now calls Fort Lee home, celebrating Buffalo Soldier and Medal of Honor recipient Pvt. Fitz Lee.
The former Fort Barfoot is now Fort Pickett, for WWII 1st. Lt. Vernon W. Pickett; Fort Gordon is now named after Medal of Honor recipient Master Sgt. Gary I. Gordon who served in the Battle of Mogadishu; WWII Silver Star recipient Gen. James H. Polk lends his name to the redesignated Fort Polk; finally, Fort A.P. Hill is now named after three Civil War Medal of Honor recipients: Lt. Col. Edward Hill, 1st. Sgt. Robert A. Pinn, and Pvt. Bruce Anderson.
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This article is part of a series celebrating the best of the Army throughout 2025. Make sure to check out the other two stories with updates to the Army's people and transformation efforts.
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Original text here: https://www.army.mil/article/289560/year_in_review_warfighting_is_the_armys_top_priority
SEC Charges Canadian Citizen, 3 Entities With Fraudulent Securities Offerings Targeting Retail Investors
WASHINGTON, Dec. 13 -- The Securities and Exchange Commission issued the following litigation release (No. 25-cv-06811; E.D.N.Y. filed Dec. 10, 2025):
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Securities and Exchange Commission v. Nathan Gauvin, et al., No. 25-cv-06811 (E.D.N.Y. filed Dec. 10, 2025)
On December 10, 2025, the Securities and Exchange Commission filed charges against Canadian citizen Nathan Gauvin and three entities he controls--Blackridge, LLC, Gray Digital Capital Management USA, LLC, and Gray Digital Technologies, LLC--for orchestrating two fraudulent securities offerings that raised over $18 million from investors
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WASHINGTON, Dec. 13 -- The Securities and Exchange Commission issued the following litigation release (No. 25-cv-06811; E.D.N.Y. filed Dec. 10, 2025):
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Securities and Exchange Commission v. Nathan Gauvin, et al., No. 25-cv-06811 (E.D.N.Y. filed Dec. 10, 2025)
On December 10, 2025, the Securities and Exchange Commission filed charges against Canadian citizen Nathan Gauvin and three entities he controls--Blackridge, LLC, Gray Digital Capital Management USA, LLC, and Gray Digital Technologies, LLC--for orchestrating two fraudulent securities offerings that raised over $18 million from investorsacross the United States and abroad. Gauvin allegedly misappropriated approximately $6.3 million of investor funds and used fabricated credentials, false performance metrics, and fictitious account statements to lure investors into his schemes.
According to the SEC's complaint, filed in the U.S. District Court for the Eastern District of New York, Gauvin gained a following on Discord by falsely presenting himself as a successful investment professional managing over a billion dollars in assets through Blackridge, which in reality was a mere shell entity. From September 2022 to November 2024, Gauvin and his entities allegedly raised approximately $18.1 million from investors through an unregistered offering of interests in the "Gray Fund," a purported diversified investment fund advised by Gray Digital and Gauvin. The complaint alleges that Gauvin and Gray Digital falsely claimed that the Gray Fund generated double-digit monthly returns and held over $78 million in assets, when, in fact, the fund actually had a monthly compounded return of approximately 1.4% and its assets were far lower than claimed. The complaint further alleges that Gauvin misappropriated investor funds to finance a lavish lifestyle, including using hundreds of thousands of dollars for purchases of custom jewelry, luxury concierge services, real estate, and art.
In a second scheme which began in May 2024, Gauvin allegedly offered "seed stock" in Gray Digital Technologies at $30,000 per share, falsely claiming the company had a $60 million valuation and more than $12 million in annual revenue. In reality, the complaint alleges that Gray Digital Technologies had no operations, assets, or revenue. According to the complaint, Gauvin raised at least $60,000 from two retail investors and then ceased communicating with them about this offering.
The SEC's complaint, filed in the U.S. District Court for the Eastern District of New York, charges Gauvin, Gray Digital Capital Management USA, LLC, and Gray Digital Technologies, LLC with violating Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933; Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; and Gauvin and Gray Digital Capital Management USA, LLC with violating Sections 206(1), 206(2), and 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-8 thereunder. Blackridge, LLC is charged with violating Sections 17(a)(1) and 17(a)(3) of the Securities Act, Section 10(b) of the Exchange Act and Rules 10b-5(a) and (c) thereunder.
The SEC's investigation was conducted by Clemon Ashley, Ayesha Ahmed, and Matilda Singleton and supervised by Samantha Martin and Jaime Marinaro, and the litigation will be led by Matt Gulde and supervised by Keefe Bernstein, all of the Fort Worth Regional Office.
The SEC appreciates the assistance of the Commodity Futures Trading Commission and the U.S. Attorney's Office for the Eastern District of New York.
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Resources
* SEC Complaint (https://www.sec.gov/files/litigation/complaints/2025/comp26439.pdf)
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Original text here: https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26439
Ohio Man Sentenced for Fentanyl, Methamphetamine Offenses
CLARKSBURG, West Virginia, Dec. 13 -- The office of the U.S. Attorney for the Northern District of West Virginia posted the following news release on Dec. 12, 2025:
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Ohio Man Sentenced for Fentanyl, Methamphetamine Offenses
WHEELING, WEST VIRGINIA - Terrance Bradley, 27, of Willoughby Hills, Ohio, was sentenced to 92 months in prison for fentanyl and methamphetamine trafficking, announced U.S. Attorney Matthew L. Harvey.
Bradley, also known as "Blade," was selling counterfeit prescription pills containing fentanyl and methamphetamine in Ohio County, WV. Bradley has a criminal history that
... Show Full Article
CLARKSBURG, West Virginia, Dec. 13 -- The office of the U.S. Attorney for the Northern District of West Virginia posted the following news release on Dec. 12, 2025:
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Ohio Man Sentenced for Fentanyl, Methamphetamine Offenses
WHEELING, WEST VIRGINIA - Terrance Bradley, 27, of Willoughby Hills, Ohio, was sentenced to 92 months in prison for fentanyl and methamphetamine trafficking, announced U.S. Attorney Matthew L. Harvey.
Bradley, also known as "Blade," was selling counterfeit prescription pills containing fentanyl and methamphetamine in Ohio County, WV. Bradley has a criminal history thatincludes felonious assault and drug possession.
Bradley will serve three years of supervised release following his prison sentence.
Assistant U.S. Attorney Carly Nogay prosecuted the case on behalf of the government.
The Ohio Valley Drug Task Force, a HIDTA-funded initiative, and the Drug Enforcement Administration investigated.
U.S. District Judge John Preston Bailey presided.
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Original text here: https://www.justice.gov/usao-ndwv/pr/ohio-man-sentenced-fentanyl-methamphetamine-offenses
Ohio County Man Sentenced for Fentanyl Distribution
CLARKSBURG, West Virginia, Dec. 13 -- The office of the U.S. Attorney for the Northern District of West Virginia posted the following news release on Dec. 11, 2025:
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Ohio County Man Sentenced for Fentanyl Distribution
WHEELING, WEST VIRGINIA - Deontre Christian Johnson, age 25, of Wheeling, West Virginia, was sentenced to 48 months in prison for fentanyl distribution, announced U.S. Attorney Matthew L. Harvey.
According to court documents, Johnson, also known as "Trap," was selling fentanyl on Wheeling Island.
Johnson will serve six years of supervised release following his prison sentence.
Assistant
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CLARKSBURG, West Virginia, Dec. 13 -- The office of the U.S. Attorney for the Northern District of West Virginia posted the following news release on Dec. 11, 2025:
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Ohio County Man Sentenced for Fentanyl Distribution
WHEELING, WEST VIRGINIA - Deontre Christian Johnson, age 25, of Wheeling, West Virginia, was sentenced to 48 months in prison for fentanyl distribution, announced U.S. Attorney Matthew L. Harvey.
According to court documents, Johnson, also known as "Trap," was selling fentanyl on Wheeling Island.
Johnson will serve six years of supervised release following his prison sentence.
AssistantU.S. Attorney Clayton Reid prosecuted the case on behalf of the government.
The Ohio Valley Drug Task Force, a HIDTA-funded initiative, investigated.
U.S. District Judge John Preston Bailey presided.
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Original text here: https://www.justice.gov/usao-ndwv/pr/ohio-county-man-sentenced-fentanyl-distribution
NSF Announces New Initiative to Launch and Scale a New Generation of Transformative Independent Research Organizations to Advance Breakthrough Science
WASHINGTON, Dec. 13 -- The National Science Foundation issued the following news release on Dec. 12, 2025:
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NSF announces new initiative to launch and scale a new generation of transformative independent research organizations to advance breakthrough science
NSF invites feedback on its Tech Labs Initiative -- a program designed to fund research teams outside of traditional academic institutions -- through a request for information.
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The U.S. National Science Foundation Directorate for Technology, Innovation and Partnerships (NSF TIP) on Friday announced the launch of a new initiative
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WASHINGTON, Dec. 13 -- The National Science Foundation issued the following news release on Dec. 12, 2025:
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NSF announces new initiative to launch and scale a new generation of transformative independent research organizations to advance breakthrough science
NSF invites feedback on its Tech Labs Initiative -- a program designed to fund research teams outside of traditional academic institutions -- through a request for information.
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The U.S. National Science Foundation Directorate for Technology, Innovation and Partnerships (NSF TIP) on Friday announced the launch of a new initiativedesigned to launch and scale a new generation of independent research organizations. These organizations will focus on technical challenges and bottlenecks that traditional university and industry labs cannot easily solve on their own. NSF seeks feedback on this initiative through a Request for Information (RFI).
"As scientific challenges have become more complex and dependent upon the work of cross-disciplinary teams of experts, our nation must expand its scientific funding toolkit to adapt," said Erwin Gianchandani, NSF TIP Assistant Director. "Tech Labs will provide entrepreneurial teams of proven scientists the freedom and flexibility to pursue breakthrough science at breakneck speed, without needing to frequently stop and apply for additional grant funding with each new idea or development."
The NSF TIP Tech Labs initiative is grounded in the recognition that many of the technology acceleration and translation challenges of today require new approaches with coordinated, interdisciplinary teams to achieve success. The Tech Labs initiative will support full-time teams of researchers, scientists, and engineers who will enjoy operational autonomy and milestone-based funding as they pursue technical breakthroughs that have the potential to reshape or create entire technology sectors. Tech Labs teams will move beyond traditional research outputs (e.g., publications and datasets), with sufficient resources, financial runway, and independence to transition critical technology from early concept or prototypes to commercially viable platforms ready for private investment to scale and deploy. NSF anticipates significant investment later in FY 2026, featuring large, multi-year awards for selected teams.
To help shape this initiative, TIP is inviting input from the broader community - including from academia, policymakers, nonprofits, philanthropy, state and local government, venture capital, the private sector and any other interested parties - through an RFI.
To learn more, read the RFI and plan to join a webinar on Wednesday, Dec. 17, 2025, at 11 a.m. EST. Please register in advance for the webinar.
In the coming weeks, NSF TIP will also release more information about a companion initiative, the NSF TIP Tech Accelerators Initiative, that will share many of the same core principles and a complementary mission focus with its Tech Labs Initiative. That program will provide a wider variety of entry points for teams to de-risk and accelerate technology translation into the market and society, focused on specific key technology areas critical to national priorities.
Both new initiatives are guided by the ambition of President Trump's mandate to revitalize and strengthen America's science and technology ecosystem by exploring innovative models for funding and sharing high-value scientific research infrastructure and results. The design choices underpinning these efforts are informed by thoughtful science policy scholarship and entrepreneurship from both emerging and established think tanks, metascience experts, Congressionally-chartered study commissions and the broader scientific community.
Together, these new initiatives position NSF to more effectively support the next generation of American scientific entrepreneurs.
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About NSF TIP
The NSF Directorate for Technology, Innovation and Partnerships (NSF TIP) seeks to engage all Americans in accelerating critical and emerging technologies to advance U.S. competitiveness. The directorate partners across sectors to advance three strategies - accelerating critical and emerging technology, expanding the geography of American innovation and building a competition-ready workforce. For more information about NSF TIP, visit nsf.gov/tip/latest.
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Original text here: https://www.nsf.gov/news/nsf-announces-new-initiative-launch-scale-new-generation
Hancock County Man Sentenced for Methamphetamine Trafficking
CLARKSBURG, West Virginia, Dec. 13 -- The office of the U.S. Attorney for the Northern District of West Virginia posted the following news release on Dec. 11, 2025:
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Hancock County Man Sentenced for Methamphetamine Trafficking
WHEELING, WEST VIRGINIA - Lawrence James Reagan, 40, of Weirton, West Virginia, was sentenced to 78 months in prison for methamphetamine distribution, announced U.S. Attorney Matthew L. Harvey.
According to court documents and statements made in court, Reagan was selling methamphetamine in Hancock County, West Virginia. Investigators seized methamphetamine which
... Show Full Article
CLARKSBURG, West Virginia, Dec. 13 -- The office of the U.S. Attorney for the Northern District of West Virginia posted the following news release on Dec. 11, 2025:
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Hancock County Man Sentenced for Methamphetamine Trafficking
WHEELING, WEST VIRGINIA - Lawrence James Reagan, 40, of Weirton, West Virginia, was sentenced to 78 months in prison for methamphetamine distribution, announced U.S. Attorney Matthew L. Harvey.
According to court documents and statements made in court, Reagan was selling methamphetamine in Hancock County, West Virginia. Investigators seized methamphetamine whichhe intended to distribute inside Reagan's home during the execution of a search warrant.
Assistant U.S. Attorney Carly Nogay prosecuted the case on behalf of the government.
The Hancock Brooke Weirton Drug Task Force, a HIDTA-funded initiative, and the Drug Enforcement Administration investigated.
U.S. District Judge John Preston Bailey presided.
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Original text here: https://www.justice.gov/usao-ndwv/pr/hancock-county-man-sentenced-methamphetamine-trafficking
BLS - Northeast Region Issues Report Entitled 'Changing Compensation Costs in the Boston Metropolitan Area - September 2025'
NEW YORK, Dec. 13 (TNSLrpt) -- The U.S. Department of Labor's Bureau of Labor Statistics - Northeast Regional Information Office issued a report on Dec. 12, 2025, entitled "Changing Compensation Costs in the Boston Metropolitan Area - September 2025":
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Compensation costs for private industry workers increased 3.3 percent in the Boston-Worcester-Providence, MA-RI-NH Combined Statistical Area (CSA) for the year ending in September 2025, the U.S. Bureau of Labor Statistics reported today. Acting Regional Commissioner Michael G. Phinney noted that one year ago, Boston experienced an annual gain
... Show Full Article
NEW YORK, Dec. 13 (TNSLrpt) -- The U.S. Department of Labor's Bureau of Labor Statistics - Northeast Regional Information Office issued a report on Dec. 12, 2025, entitled "Changing Compensation Costs in the Boston Metropolitan Area - September 2025":
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Compensation costs for private industry workers increased 3.3 percent in the Boston-Worcester-Providence, MA-RI-NH Combined Statistical Area (CSA) for the year ending in September 2025, the U.S. Bureau of Labor Statistics reported today. Acting Regional Commissioner Michael G. Phinney noted that one year ago, Boston experienced an annual gainof 1.7 percent in compensation costs. (See chart 1 and table 1.) Nationwide, compensation costs rose 3.5 percent in September 2025.
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Chart 1. Twelve-month percent changes in total compensation for private industry workers in the United States and Boston, not seasonally adjusted
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Locally, wages and salaries, the largest component of compensation costs, advanced at a 3.2-percent pace for the 12-month period ended September 2025. (See chart 2.) Nationwide, wages and salaries rose 3.6 percent over the same period.
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Chart 2. Twelve-month percent changes in wages and salaries for private industry workers in the United States and Boston, not seasonally adjusted
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Boston is 1 of 15 metropolitan areas in the United States and 1 of 3 areas in the Northeast region of the country for which locality compensation cost data are available. Among these 15 largest areas, over-the-year percentage changes in compensation costs ranged from 5.7 percent in Miami-Port St. Lucie-Fort Lauderdale to 2.1 percent in Detroit-Warren-Ann Arbor in September 2025; for wages and salaries, Miami registered the largest increase (5.9 percent), and Washington-Baltimore-Arlington registered the smallest (1.9 percent). (See chart 3.)
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Chart 3. Twelve-month percent changes in total compensation and wages and salaries for private industry workers by area, not seasonally adjusted, September 2025
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The annual increase in compensation costs in Boston was 3.3 percent in September 2025, compared to 3.8 percent in New York-Newark and 3.4 percent in Philadelphia-Reading-Camden, the other two metropolitan areas in the Northeast. Boston's 3.2-percent gain in wages and salaries over this 12-month period compared to 3.9 percent in New York and 3.4 percent in Philadelphia. (See table 2.)
The Employment Cost Index for December 2025 is scheduled to be released on Tuesday, February 10, 2026, at 8:30 a.m. (ET).
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Federal Government Shutdown
Publication of the September 2025 Employment Cost Index (ECI) was delayed by more than 5 weeks because of the lapse in federal appropriations. Collection of September data had not been completed prior to the federal government shutdown. After funding had been restored, any data self-reported by establishments during the shutdown were reviewed and included; however, survey response rates decreased in September. More information on response rates is available online.
The December 2025 ECI news release has been rescheduled and will be published on Tuesday, February 10, 2026, at 8:30 a.m. (ET).
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Technical Note
Locality compensation costs are part of the national Employment Cost Index (ECI), which measures quarterly changes in compensation costs (wages and salaries and employer costs for employee benefits) free from the influence of employment shifts among occupations and industries. More information can be found in the national Employment Cost Index Technical Note. For information on survey concepts, coverage, methods, nonresponse adjustment, and imputation see the National Compensation Measures Handbook of Methods.
In addition to the data presented here, ECI national data by industry, occupational group, and union status, as well as data for civilian, private, and state and local government employees, are available on the Employment Cost Index website. The national Employment Cost Index Summary is also available online. Additional information for regions, states, and local areas may be accessed via our Northeast Information Office regional homepage.
The substate area data published in this news release reflect the Office of Management and Budget Bulletin No. 23-01, dated July 21, 2023. See the Tracking Wage Growth in American Cities page for more information on available geographies and their historical timelines.
Boston-Worcester-Providence, MA-RI-NH Combined Statistical Area includes Barnstable, Bristol, Essex, Middlesex, Norfolk, Plymouth, Suffolk, and Worcester Counties in Massachusetts; Bristol, Kent, Newport, Providence, and Washington Counties in Rhode Island; and Belknap, Hillsborough, Merrimack, Rockingham, and Strafford Counties in New Hampshire.
Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.
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Table 1. Employment Cost Index 12-month percent changes for total compensation and for wages and salaries, private industry workers, United States, Northeast Census region, and the Boston area, not seasonally adjusted
Table 2. Employment Cost Index 12-month percent changes for total compensation and for wages and salaries, private industry workers, United States, Census regions, and localities, not seasonally adjusted
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View original text plus charts and tables here: https://www.bls.gov/regions/northeast/news-release/2025/employmentcostindex_boston_20251212.htm