Private industry compensation $25.93 per hour on average in June 2007

September 25, 2007

In June 2007, private industry employer compensation costs averaged $25.93 per hour worked.

Employer costs per hour worked for employee compensation, private industry, June 2007
[Chart data—TXT]

Wages and salaries averaged $18.32 per hour. Employer costs for legally required benefits averaged $2.21 per hour worked, insurance benefits averaged $1.97, paid leave averaged $1.77, retirement and savings averaged 88 cents, and supplemental pay averaged 78 cents.

Legally required benefits include employer costs for Social Security and Medicare, federal and state unemployment insurance, and workers’ compensation.

These data come from the Compensation Cost Trends program. For additional information, see "Employer Costs for Employee Compensation–June 2007" (PDF) (TXT), news release USDL 07-1434.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Private industry compensation $25.93 per hour on average in June 2007 on the Internet at http://www.bls.gov/opub/ted/2007/sept/wk4/art02.htm (visited August 29, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • Fifty years of looking at changes in peoples lives
    Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.