Private industry compensation $24.17 per hour on average in March 2005
June 22, 2005
In March 2005, private industry employer compensation costs averaged $24.17 per hour worked.
Wages and salaries averaged $17.15 per hour, while benefits averaged $7.02.
Employer costs for legally required benefits such as Social Security and unemployment insurance averaged $2.10 per hour worked, insurance benefits averaged $1.76, paid leave averaged $1.54, retirement and savings averaged 90 cents, supplemental pay averaged 68 cents, and other benefits averaged 4 cents per hour worked.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Private industry compensation $24.17 per hour on average in March 2005 on the Internet at https://www.bls.gov/opub/ted/2005/jun/wk3/art03.htm (visited May 22, 2017).
Recent editions of Spotlight on Statistics
STEM occupations: past, present, and future
A look at employment and wages in science, technology, engineering, and mathematics occupations.
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.