Average compensation in private industry: $23.90 per hour in December 2004

March 17, 2005

In December 2004, compensation costs in private industry averaged $23.90 per hour worked.

Employer costs per hour worked for employee compensation, private industry workers, December 2004
[Chart data—TXT]

Wages and salaries averaged $17.02 per hour, while benefits averaged $6.88.

Employer costs for legally required benefits such as Social Security and workers' compensation averaged $2.08 per hour worked. Insurance benefits averaged $1.70 per hour worked, paid leave averaged $1.53, retirement and savings averaged 88 cents, and supplemental pay averaged 66 cents.

These data are a product of the BLS Compensation Cost Trends program. Additional information is available from "Employer Costs for Employee Compensation, December 2004" (PDF) (TXT), news release USDL 05-432.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Editor's Desk, Average compensation in private industry: $23.90 per hour in December 2004 on the Internet at http://www.bls.gov/opub/ted/2005/mar/wk2/art04.htm (visited April 20, 2014).

OF INTEREST

Spotlight on Statistics: Productivity

This edition of Spotlight on Statistics examines labor productivity trends from 2000 through 2010 for selected industries and sectors within the nonfarm business sector of the U.S. economy.  Read more »