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Compensation costs in private industry $38.91 per hour worked in June 2022

September 29, 2022

Total employer compensation costs for private industry workers averaged $38.91 per hour worked in June 2022. Wage and salary costs averaged $27.44 and accounted for 70.5 percent of employer costs, while benefit costs were $11.47 and accounted for 29.5 percent.

Employer costs for employee compensation per hour worked, private industries, June 2022
Industry Total compensation Wages and salaries Total benefits Insurance Legally required benefits Paid leave Supplemental pay Retirement and savings

Total, all industries

$38.91 $27.44 $11.47 $2.96 $2.93 $2.87 $1.37 $1.33

Information

64.25 42.58 21.67 5.65 4.09 6.23 3.02 2.68

Financial activities

54.84 36.57 18.26 4.76 3.40 4.82 3.37 1.90

Educational services

50.34 36.32 14.02 3.86 3.45 4.10 0.34 2.28

Professional and business services

47.81 34.05 13.76 3.20 3.39 3.88 1.89 1.41

Wholesale trade

44.89 32.00 12.89 3.14 3.28 3.38 1.67 1.40

Manufacturing

42.44 28.17 14.27 4.07 3.15 3.21 2.09 1.75

Transportation and warehousing

40.70 26.96 13.74 4.23 3.32 2.91 1.22 2.06

Health care and social assistance

40.00 28.10 11.90 3.27 2.91 3.49 0.97 1.26

Retail trade

23.60 18.05 5.55 1.37 1.97 1.19 0.58 0.44

Leisure and hospitality

18.04 14.56 3.48 0.72 1.75 0.55 0.26 0.21

Note: Total for all industries includes industries not shown separately.

Employer costs for employee compensation per hour worked, percent of total compensation, private industries, June 2022
Industry Total compensation Wages and salaries Total benefits Insurance Legally required benefits Paid leave Supplemental pay Retirement and savings

Total, all industries

100.0% 70.5% 29.5% 7.6% 7.5% 7.4% 3.5% 3.4%

Information

100.0 66.3 33.7 8.8 6.4 9.7 4.7 4.2

Financial activities

100.0 66.7 33.3 8.7 6.2 8.8 6.2 3.5

Educational services

100.0 72.1 27.9 7.7 6.8 8.1 0.7 4.5

Professional and business services

100.0 71.2 28.8 6.7 7.1 8.1 3.9 2.9

Wholesale trade

100.0 71.3 28.7 7.0 7.3 7.5 3.7 3.1

Manufacturing

100.0 66.4 33.6 9.6 7.4 7.6 4.9 4.1

Transportation and warehousing

100.0 66.2 33.8 10.4 8.2 7.2 3.0 5.0

Health care and social assistance

100.0 70.2 29.8 8.2 7.3 8.7 2.4 3.1

Retail trade

100.0 76.5 23.5 5.8 8.3 5.0 2.5 1.9

Leisure and hospitality

100.0 80.7 19.3 4.0 9.7 3.0 1.4 1.2

Note: Total for all industries includes industries not shown separately.

Benefit costs for private industry workers ranged from $1.33 per hour worked for retirement and savings to $2.96 for insurance. Insurance costs accounted for 7.6 percent of total compensation costs.

Insurance costs per hour worked averaged $5.65 in the information industry and $0.72 for workers in leisure and hospitality.

These data are from the Employment Cost Trends program and are not seasonally adjusted. To learn more, see "Employer Costs for Employee Compensation — June 2022." Also see more charts on employer costs for employee compensation.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs in private industry $38.91 per hour worked in June 2022 at https://www.bls.gov/opub/ted/2022/compensation-costs-in-private-industry-38-91-per-hour-worked-in-june-2022.htm (visited November 28, 2022).

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