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National Compensation Survey - Wages

ECT News Releases

Compensation costs up 0.9% Sep 2023 to Dec 2023 and up 4.2% over the year ending Dec 2023

01/31/2024

Compensation costs increased 0.9 percent for civilian workers, seasonally adjusted, from September 2023 to December 2023. Over the year, total compensation rose 4.2 percent, wages and salaries rose 4.3 percent, and benefit costs rose 3.8 percent.
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Private industry compensation costs average $41.53 per hour worked in September 2023

12/15/2023

Employer costs for private industry workers averaged $29.34 per hour worked for wages and salaries and $12.19 for benefits in September 2023. Paid leave costs were $3.09 per hour, accounting for 7.4 percent of total compensation costs.
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Regional News Releases

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