Life insurance is available to 57% of private industry workers in March 2022
Life insurance was available to 57 percent of private industry workers in March 2022. Access to life insurance plans ranged from 27 percent for workers in service occupations to 79 percent in management, professional, and related occupations.
Compensation costs up 1.2% Jun 2022 to Sep 2022 and up 5.0% over the year ending Sep 2022
Compensation costs increased 1.2 percent for civilian workers, seasonally adjusted, from June 2022 to September 2022. Over the year, total compensation rose 5.0 percent, wages and salaries rose 5.1 percent, and benefit costs rose 4.9 percent.
Private industry compensation costs average $38.91 per hour worked in June 2022
Employer costs for private industry workers averaged $27.44 per hour worked for wages and salaries and $11.47 for benefits in June 2022. Insurance costs were $2.96 per hour, accounting for 7.6 percent of total compensation costs.
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