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Article: EMPLOYER COSTS FOR EMPLOYEE COMPENSATION-MARCH 2008

Article from:
US Fed News Service, Including US State News
Article date:
June 11, 2008
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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 $28.46 per hour worked in March 2008, the U.S. Department of Labor's Bureau of Labor Statistics reported today. Wages and salaries, which averaged $19.83, accounted for 69.7 percent of these costs, while benefits, which averaged $8.63, accounted for the remaining 30.3 percent. (See table 1.) Employer Costs for Employee Compensation, based on 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 ...

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