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Article: EMPLOYER COSTS FOR EMPLOYEE COMPENSATION - DECEMBER 2006
- Article from:
- US Fed News Service, Including US State News
- Article date:
- March 29, 2007
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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 $27.54 per hour worked in December 2006, the U.S. Department of Labor's Bureau of Labor Statistics reported today. Wages and salaries, which averaged $19.24 per hour, accounted for 69.9 percent of these costs, while benefits, which averaged $8.30 per hour, accounted for the remaining 30.1 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.
Employer costs for ...