The U.S. Bureau of Labor Statistics last week reported that:
Employer costs for employee compensation averaged $30.11 per hour worked in September 2011. Wages and salaries averaged $20.91 per hour worked and accounted for 69.4 percent of these costs, while benefits averaged $9.21 and accounted for the remaining 30.6 percent. Total employer compensation costs for private industry workers averaged $28.24 per hour worked in September 2011.
State and local government employers spent an average of $40.76 per hour worked for employee compensation in September 2011. Wages and salaries averaged $26.57 per hour and 65.2 percent of compensation costs, while benefits averaged $14.19 per hour worked and accounted for the remaining 34.8 percent. Total compensation costs for management, professional, and related occupations, which represent approximately half of all state and local government employment, averaged $49.37 per hour worked. Average hourly compensation costs were $30.86 for service occupations and $28.49 for sales and office occupations.
Click here for more info from the BLS Thursday report.
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