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 http://www.bls.gov/opub/ted/2005/jun/wk3/art03.htm (visited October 20, 2014).
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