Employer Costs for Employee Compensation News Release - 2024 Q03 Results — 2024-12-17

Employer costs for employee compensation for civilian workers averaged $46.84 per hour worked in September 2024, the U.S. Bureau of Labor Statistics reported today. Wages and salaries averaged $32.25, while benefit costs averaged $14.59. (See tables 1 and 2.) Total employer compensation costs for private industry workers averaged $44.40 per hour worked in September 2024. Wages and salaries averaged $31.25 per hour worked and accounted for 70.4 percent of employer costs, while benefit costs averaged $13.15 per hour worked and accounted for the remaining 29.6 percent. (See tables 1 and 4.) Total employer compensation costs for state and local government workers averaged $62.92 per hour worked in September 2024. Wages and salaries averaged $38.86 and accounted for 61.8 percent of employer costs, while benefit costs averaged $24.06 and accounted for 38.2 percent.