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 October 23, 2020).
Recent editions of Spotlight on Statistics
- Gulf War Era Veterans in the Labor Force
Examines the demographic, employment, and unemployment characteristics of civilians who served in the U.S. military during Gulf War era.
- Using BLS Data to Match People with Disabilities with Jobs Presents data that can help increase access and opportunity for people with disabilities in the nation’s labor market.
- How Women and Aging Affect Trends in Labor Force Growth Examines how women’s labor force participation and the aging of the U.S. population affect trends in labor force growth.
- Meal Appeal: Patterns of Expenditures on Food away from Home
Examines spending on food away from home, such as meals or snacks from restaurants, vending machines, employer cafeterias, or other venues.