Private-industry compensation averages $22.14 per hour in December
March 20, 2003
In December 2002, employer costs for employee compensation in private industry averaged $22.14 per hour worked.
Wages and salaries, which averaged $16.08, accounted for 72.6 percent of these costs, while benefits, which averaged $6.07, accounted for the remainder.
Legally required benefits, such as Social Security and unemployment insurance, were $1.85 per hour on average, representing the largest non-wage employer cost. Employer costs for paid leave benefits averaged $1.47 per hour, insurance benefits $1.46 per hour, and retirement and savings benefits 64 cents per hour.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Private-industry compensation averages $22.14 per hour in December on the Internet at http://www.bls.gov/opub/ted/2003/mar/wk3/art04.htm (visited September 04, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.