Employer Costs for Employee Compensation News Release — 2018-09-18
Employer costs for employee compensation averaged $36.22 per hour worked in June 2018, the U.S. Bureau of Labor Statistics reported today. Wages…
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Employer costs for employee compensation averaged $36.22 per hour worked in June 2018, the U.S. Bureau of Labor Statistics reported today. Wages and salaries averaged $24.72 per hour worked and accounted for 68.3 percent of these costs, while benefit costs averaged $11.50 and accounted for the remaining 31.7 percent. Total employer compensation costs for private industry workers averaged $34.19 per hour worked. Total employer compensation costs for state and local government workers averaged $49.23 per hour worked. Employer Costs for Employee Compensation (ECEC), a product of the National Compensation Survey, measures employer costs for wages, salaries, and employee benefits for nonfarm private and state and local government workers.
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