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 Economics Daily, 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 May 02, 2016).
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.