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.

Employer costs per hour worked for employee compensation, private industry workers, December 2004
[Chart data—TXT]

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 October 01, 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.