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Article: EMPLOYER COSTS FOR EMPLOYEE COMPENSATION - JUNE
- Article from:
- US Fed News Service, Including US State News
- Article date:
- September 22, 2006
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The U.S. Department of Labor's Bureau of Labor Statistics issued the following press release:
Employer costs for employee compensation averaged $26.86 per hour worked in June 2006, the U.S. Department of Labor's Bureau of Labor Statistics reported today. Wages and salaries, which averaged $18.80, accounted for 70 percent of these costs, while benefits, which averaged $8.06, accounted for the remaining 30 percent. (See table 1.) Employer Costs for Employee Compensation, 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.
Costs for legally required benefits, including ...