Private industry compensation $25.67 per hour on average in December 2006

March 30, 2007

In December 2006, private industry employer compensation costs averaged $25.67 per hour worked.

Employer costs per hour worked for employee compensation, private industry, December 2006
[Chart data—TXT]

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.

These data come from the Compensation Cost Trends program. For additional information, see "Employer Costs for Employee Compensation–December 2006" (PDF) (TXT), news release USDL 07-0453.

SUGGESTED CITATION

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 22, 2014).

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