Average compensation in private industry: $23.90 per hour in December 2004
March 17, 2005
In December 2004, compensation costs in private industry averaged $23.90 per hour worked.
Wages and salaries averaged $17.02 per hour, while benefits averaged $6.88.
Employer costs for legally required benefits such as Social Security and workers' compensation averaged $2.08 per hour worked. Insurance benefits averaged $1.70 per hour worked, paid leave averaged $1.53, retirement and savings averaged 88 cents, and supplemental pay averaged 66 cents.
These data are a product of the BLS Compensation Cost Trends program. Additional information is available from "Employer Costs for Employee Compensation, December 2004" (PDF) (TXT), news release USDL 05-432.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Average compensation in private industry: $23.90 per hour in December 2004 on the Internet at http://www.bls.gov/opub/ted/2005/mar/wk2/art04.htm (visited July 29, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.