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Compensation costs for private industry workers averaged $34.19 per hour worked in June 2018

September 24, 2018

Employer costs for employee compensation for private industry workers averaged $34.19 per hour worked in June 2018. Wages and salaries averaged $23.78 per hour worked and accounted for 69.6 percent of these costs. Benefit costs averaged $10.41 and accounted for the remaining 30.4 percent. The information industry had the highest total compensation costs in June, $58.85 per hour worked, including $38.16 for wages and salaries and $20.69 for benefits.

Private industry employer costs per hour worked for employee compensation by major industry group, June 2018
Industry Total compensation Wages and salaries Benefits

All workers

$34.19 $23.78 $10.41

Information

58.85 38.16 20.69

Financial activities

49.18 32.29 16.89

Professional and business services

41.48 29.29 12.19

Manufacturing

39.29 25.74 13.55

Construction

39.17 27.18 11.99

Education and health services

36.93 26.02 10.91

Trade, transportation, and utilities

28.37 19.88 8.49

Other services

26.84 19.85 6.99

Leisure and hospitality

14.77 11.62 3.15

Total employer compensation costs in June averaged $49.18 per hour worked in financial activities and $41.48 in professional and business services.

Employer compensation costs in leisure and hospitality averaged $14.77 per hour worked. Wages and salaries averaged $11.62, and benefit costs averaged $3.15.

These data are from the Employment Cost Trends program. To learn more, see "Employer Costs for Employee Compensation — June 2018."

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs for private industry workers averaged $34.19 per hour worked in June 2018 on the Internet at https://www.bls.gov/opub/ted/2018/compensation-costs-for-private-industry-workers-averaged-34-point-19-per-hour-worked-in-june-2018.htm (visited November 11, 2019).

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