Employer Costs for Employee Compensation News Release - 2024 Q02 Results — 2024-09-10

Employer costs for employee compensation for civilian workers averaged $46.21 per hour worked in June 2024, the U.S. Bureau of Labor Statistics reported today. Wages and salaries averaged $31.80, while benefit costs averaged $14.41. (See tables 1 and 2.) Total employer compensation costs for private industry workers averaged $43.94 per hour worked in June 2024. Wages and salaries averaged $30.90 per hour worked and accounted for 70.3 percent of employer costs, while benefit costs averaged $13.04 per hour worked and accounted for the remaining 29.7 percent. (See tables 1 and 4.) Total employer compensation costs for state and local government workers averaged $61.37 per hour worked in June 2024. Wages and salaries averaged $37.80 and accounted for 61.6 percent of employer costs, while benefit costs averaged $23.57 and accounted for 38.4 percent.