June 22, 2005
In March 2005, private industry employer compensation costs averaged $24.17 per hour worked.
Wages and salaries averaged $17.15 per hour, while benefits averaged $7.02.
Employer costs for legally required benefits such as Social Security and unemployment insurance averaged $2.10 per hour worked, insurance benefits averaged $1.76, paid leave averaged $1.54, retirement and savings averaged 90 cents, supplemental pay averaged 68 cents, and other benefits averaged 4 cents per hour worked.
Bureau of Labor Statistics, U.S. Department of Labor, The Editor's Desk, Private industry compensation $24.17 per hour on average in March 2005 on the Internet at http://www.bls.gov/opub/ted/2005/jun/wk3/art03.htm (visited August 01, 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 »