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.
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.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Average compensation in private industry: $23.90 per hour in December 2004 on the Internet at https://www.bls.gov/opub/ted/2005/mar/wk2/art04.htm (visited May 29, 2017).
Recent editions of Spotlight on Statistics
STEM occupations: past, present, and future
A look at employment and wages in science, technology, engineering, and mathematics occupations.
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.