Private industry compensation $25.93 per hour on average in June 2007
September 25, 2007
In June 2007, private industry employer compensation costs averaged $25.93 per hour worked.
Wages and salaries averaged $18.32 per hour. Employer costs for legally required benefits averaged $2.21 per hour worked, insurance benefits averaged $1.97, paid leave averaged $1.77, retirement and savings averaged 88 cents, and supplemental pay averaged 78 cents.
Legally required benefits include employer costs for Social Security and Medicare, federal and state unemployment insurance, and workers’ compensation.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Private industry compensation $25.93 per hour on average in June 2007 on the Internet at http://www.bls.gov/opub/ted/2007/sept/wk4/art02.htm (visited October 24, 2014).
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