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Compensation costs in private industry averaged $38.61 per hour worked in March 2022
June 30, 2022
Employer costs for employee compensation for private industry workers averaged $38.61 per hour worked in March 2022. Wage and salary costs averaged $27.19 and accounted for 70.4 percent of employer costs, while benefit costs averaged $11.42 and accounted for 29.6 percent of employer costs.
Employer costs per hour worked for employee compensation of private industry workers, by industry, March 2022
Industry
Total compensation
Wages and salaries
Total benefits
All workers
$38.61
$27.19
$11.42
Utilities
73.33
45.05
28.28
Information
62.95
41.96
21.00
Financial activities
53.21
35.48
17.74
Professional and business services
47.08
33.50
13.59
Wholesale trade
44.11
31.41
12.70
Construction
42.88
29.83
13.05
Manufacturing
41.99
27.85
14.14
Transportation and warehousing
41.83
27.69
14.14
Education and health services
40.87
28.82
12.04
Other services
33.51
24.97
8.54
Retail trade
23.11
17.71
5.41
Leisure and hospitality
17.70
14.29
3.41
Total compensation costs in utilities averaged $73.33 per hour worked in March 2022. Wages and salary costs averaged $45.05 (61.4 percent of total compensation) and benefit costs averaged $28.28 (38.6 percent). Compensation costs averaged $17.70 per hour worked in leisure and hospitality, as wages and salary costs averaged $14.29 (80.8 percent) and benefits costs averaged $3.41 (19.2 percent).
Of the total benefit costs for utilities, paid leave accounted for $6.61, supplemental pay accounted for $2.50, insurance accounted for $6.93, retirement and savings accounted for $7.21, and legally required benefits accounted for $5.03.
Employer costs per hour worked for employee benefits of private industry workers, by industry, March 2022
Industry
Total benefits
Paid leave
Supplemental pay
Insurance
Retirement and savings
Legally required benefits
All workers
$11.42
$2.88
$1.37
$2.93
$1.33
$2.91
Utilities
28.28
6.61
2.50
6.93
7.21
5.03
Information
21.00
6.15
2.98
5.27
2.56
4.03
Financial activities
17.74
4.71
3.27
4.53
1.87
3.35
Manufacturing
14.14
3.17
2.08
4.04
1.73
3.12
Transportation and warehousing
14.14
3.05
1.31
4.11
2.26
3.42
Professional and business services
13.59
3.86
1.84
3.15
1.38
3.35
Construction
13.05
1.96
1.60
3.17
2.32
4.00
Wholesale trade
12.70
3.36
1.65
3.07
1.39
3.24
Education and health services
12.04
3.55
0.87
3.30
1.35
2.96
Other services
8.54
2.21
0.45
2.09
1.15
2.62
Retail trade
5.41
1.16
0.57
1.32
0.43
1.93
Leisure and hospitality
3.41
0.53
0.27
0.71
0.19
1.71
For private industry workers, paid leave averaged $2.88 per hour worked (25.2 percent of total benefits), supplemental pay averaged $1.37 (12.0 percent), insurance averaged $2.93 (25.7 percent), retirement and savings averaged $1.33 (11.6 percent), and legally required benefits averaged $2.91 (25.5 percent) in March 2022.
United States Department of Labor
