BLS: Compensation Costs in Private Industry Averaged $36.23 Per Hour Worked in December 2020
March 24, 2021
March 24, 2021
WASHINGTON, March 24 -- The U.S. Department of Labor's Bureau of Labor Statistics issued the following article from Economics Daily:
Employer costs for employee compensation for private industry workers averaged $36.23 per hour worked in December 2020. Wage and salary costs averaged $25.48 and accounted for 70.3 percent of employer costs, while benefit costs were $10.74 and accounted for 29.7 percent.
Among the major industry groups, compensation costs were highest . . .
Employer costs for employee compensation for private industry workers averaged $36.23 per hour worked in December 2020. Wage and salary costs averaged $25.48 and accounted for 70.3 percent of employer costs, while benefit costs were $10.74 and accounted for 29.7 percent.
Among the major industry groups, compensation costs were highest . . .