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Total employer compensation costs for civilian workers averaged $46.14 per hour worked in March 2024. Benefits cost employers $14.41 and accounted for 31.2 percent of total costs, while wages and salaries benefits cost $31.72 and accounted for the remaining 68.8 percent.
read full article »From May 2023 to May 2024, nonfarm payroll employment increased in 30 states and was essentially unchanged in 20 states and the District of the Columbia. The largest percentage increases occurred in Alaska and South Carolina (+3.5 percent each), followed by Nevada (+3.3 percent).
Hurricane season affects county employment and wages in the 19 Gulf and Atlantic Coast states. Every third quarter, during peak hurricane season, we update maps and data for hurricane flood zones in these coastal states. In third quarter of 2023, Louisiana, once again, had the largest share of employment located in hurricane flood zones, 30.6 percent. This was followed by Florida (20.5 percent), New York (16.3 percent), New Jersey (15.7 percent), and Massachusetts (15.7 percent).
Let’s party as we close out the week of our 140th birthday celebration! Labor market data are our business, so we know there are many workers who help celebrate special events. For instance, parties take a lot of planning, so the services of an event planner often come in handy. Luckily, as of May 2023, there were more than 120,000 meeting, convention, and event planners in the United States.
Fourteen decades ago, the history of the U.S. Bureau of Labor Statistics officially began on June 27, 1884, when the Bureau was established within the Department of the Interior. Since its founding, BLS has documented many changes in the economic lives of individuals, families, establishments, industries, and the nation as a whole.