Employer costs for employee compensation, September 2006
December 14, 2006
Employer costs for employee compensation averaged $27.31 per hour worked in September 2006.
Wages and salaries, which averaged $19.12, accounted for 70 percent of these costs. Benefits—including insurance, legally required benefits, paid leave, retirement and savings, and supplemental pay—averaged $8.18, accounting for the remaining 30 percent.
Employer costs for insurance benefits—life, health, and disability—averaged $2.22 per hour (8.1 percent of total compensation).
Legally required benefits, including Social Security, Medicare, unemployment insurance, and workers’ compensation, averaged $2.19 per hour (8.0 percent of total compensation).
Paid leave benefits (vacations, holidays, sick leave, and other leave) averaged $1.91 (7.0 percent).
Retirement and savings benefits averaged $1.18 (4.3 percent) per hour worked.
Supplemental pay averaged $0.69 per hour worked (2.5 percent).
This information is from the BLS Compensation Cost Trends program. These data are for civilian workers (defined here as nonfarm private industry and State and local government workers.) To learn more, see "Employer Costs for Employee Compensation-September 2006," (PDF) (TXT) news release 06-2069.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Employer costs for employee compensation, September 2006 on the Internet at http://www.bls.gov/opub/ted/2006/dec/wk2/art04.htm (visited December 20, 2014).
Three recent editions of Spotlight on Statistics
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.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.