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Employer Costs for Employee Compensation
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News Releases
Private industry compensation costs average $41.03 per hour worked in June 2023
09/12/2023
Employer costs for private industry workers averaged $28.97 per hour worked for wages and salaries and $12.06 for benefits in June 2023. Social Security costs were $1.97 per hour, accounting for 4.8 percent of total compensation costs.
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