Private-industry compensation averages $22.14 per hour in December
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 Economics Daily, 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 August 26, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
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.