March 30, 2007
In December 2006, private industry employer compensation costs averaged $25.67 per hour worked.
Wages and salaries averaged $18.11 per hour. Employer costs for legally required benefits averaged $2.20 per hour worked, insurance benefits averaged $1.92, paid leave averaged $1.76, retirement and savings averaged 94 cents, and supplemental pay averaged 75 cents.
Legally required benefits include employer costs for Social Security and Medicare, federal and state unemployment insurance, and workers’ compensation.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Private industry compensation $25.67 per hour on average in December 2006 on the Internet at http://www.bls.gov/opub/ted/2007/mar/wk4/art05.htm (visited November 25, 2015).
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.