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Article: EMPLOYER COSTS FOR EMPLOYEE COMPENSATION-SEPTEMBER 2008

Article from:
US Fed News Service, Including US State News
Article date:
December 10, 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 for civilian workers averaged $28.87 per hour worked in September 2008, the U.S. Department of Labor's Bureau of Labor Statistics reported today. Wages and salaries, which averaged $20.13, accounted for 69.7 percent of these costs, while benefits, which averaged $8.74, accounted for the remaining 30.3 percent. Employer costs averaged $2.42 for insurance benefits (life, health, and disability insurance) or 8.4 percent of total compensation. In addition to insurance, the other benefit categories were: legally required benefits, including Social Security, ...

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