Compensation in private industry, March 2004
June 25, 2004
In March 2004, private industry employer compensation costs averaged $23.29 per hour worked. Wages and salaries averaged $16.64 per hour, while benefits averaged $6.65.
Within goods-producing industries, employer compensation costs averaged $27.19 per hour. For construction industry employees, compensation costs were $27.17 per hour ($19.02 in wages, and $8.15 in benefits). For manufacturing workers, compensation costs were $26.97 ($17.59 for wages, and $9.39 for benefits).
Compensation costs varied greatly in service-providing industries. They ranged from $10.39 in leisure and hospitality ($8.23 wages, $2.16 benefits), to $33.66 in the information industry ($23.73 wages, $9.94 benefits). The average total compensation cost for service-providing industries was $22.33.
These data are from the BLS Compensation Cost Trends program. See Employer Costs for Employee Compensation, March 2004 (PDF) (TXT), USDL 04-1105, to learn more. This is the first Employer Costs for Employee Compensation news release to contain estimates calculated using the North American Industry Classification System (NAICS). Note: the average compensation cost for goods-producing industries includes mining, which is not shown separately.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation in private industry, March 2004 on the Internet at https://www.bls.gov/opub/ted/2004/jun/wk4/art05.htm (visited January 18, 2018).
Recent editions of Spotlight on Statistics
Industry on Tap: Breweries
A look at employment, wages, and job safety in breweries and producer prices for beer.
Differences in Parents’ Time Use between the Summer and the School Year
A look at how parents of school-age children spend their time in the summer and the school year.
Hispanics in the United States: Celebrating National Hispanic Heritage Month
A look at employment, earnings, consumer spending, time use, and workplace injuries and illnesses for the Hispanic or Latino U.S. population.
Expenditures on Admissions to the Arts, Movies, Sporting Events, and Other Entertainment
A look at consumer spending and attendance at arts, sports, and entertainment events.