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Compensation costs in private industry averaged $35.34 per hour worked in March 2020
June 23, 2020
Employer costs for employee compensation for private industry workers averaged $35.34 per hour worked in March 2020. Wages and salaries averaged $24.82 per hour worked and accounted for 70.2 percent of these costs. Benefit costs averaged $10.53 and accounted for the remaining 29.8 percent. In the utilities industry, total compensation costs averaged $66.01 per hour worked in March; benefits accounted for 38.3 percent of compensation costs in the industry.
Employer costs per hour worked for employee compensation of private industry workers, by industry, March 2020
Industry
Wages and salaries
Total benefits
Total compensation
All workers
$24.82
$10.53
$35.34
Utilities
40.71
25.30
66.01
Information
38.07
18.31
56.38
Financial activities
33.43
16.41
49.85
Educational services
33.38
13.26
46.64
Professional and business services
31.39
12.32
43.71
Transportation and warehousing
26.25
14.21
40.45
Construction
27.67
12.49
40.17
Manufacturing
26.27
13.28
39.55
Wholesale trade
27.06
11.24
38.30
Health care and social assistance
24.79
10.70
35.49
Other services
21.26
7.17
28.44
Retail trade
15.72
5.05
20.77
Leisure and hospitality
12.53
3.33
15.87
Total employer compensation costs in leisure and hospitality averaged $15.86 per hour worked in March. Benefits accounted for 21.0 percent of this total.
United States Department of Labor
