The Economics Daily

Bureau of Labor Statistics

The latest Economics Daily article is available here: https://www.bls.gov/opub/ted/2021/median-compensation-costs-in-private-industry-were-26-88-per-hour-worked-in-march-2021.htm. Highlights are below. Median compensation costs in private industry were $26.88 per hour worked in March 2021 07/01/2021 Total employer compensation costs for private industry workers averaged $36.64 per hour worked in March 2021. Wages and salaries averaged $25.80 per hour worked and accounted for 70.4 percent of employer costs. Benefit costs averaged $10.83 per hour worked and accounted for the remaining 29.6 percent. Median (50th wage percentile) employer costs per employee hour worked were $26.88 for total compensation, $18.91 for wages and salaries, and $7.97 for benefits. HTML

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