March 20, 2003
In December 2002, employer costs for employee compensation in private industry averaged $22.14 per hour worked.
Wages and salaries, which averaged $16.08, accounted for 72.6 percent of these costs, while benefits, which averaged $6.07, accounted for the remainder.
Legally required benefits, such as Social Security and unemployment insurance, were $1.85 per hour on average, representing the largest non-wage employer cost. Employer costs for paid leave benefits averaged $1.47 per hour, insurance benefits $1.46 per hour, and retirement and savings benefits 64 cents per hour.
Bureau of Labor Statistics, U.S. Department of Labor, The Editor's Desk, Private-industry compensation averages $22.14 per hour in December on the Internet at http://www.bls.gov/opub/ted/2003/mar/wk3/art04.htm (visited September 21, 2014).
This edition of Spotlight on Statistics examines labor productivity trends from 2000 through 2010 for selected industries and sectors within the nonfarm business sector of the U.S. economy. Read more »