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June 13, 2012

Employees Cost Northeast Companies $33 Per Hour

As of March, the Northeast region of the country remains the most expensive to employ workers, according to the U.S. Bureau of Labor Statistics.

The average private sector employer’s per-hour cost for one employee was $32.99, beating out the Western U.S., where employers incurred $30.03 in costs per employee hour.

Employers in the South spent $26.60 per hour, representing the lowest cost in the country.

In the Northeast, wages and salaries accounted for $22.81 per hour on average, while benefits added up to $10.17 per hour. Insurance costs averaged $2.79 per hour, legally required benefits like Social Security averaged $2.69 per hour, and paid-leave benefits averaged $2.48 per hour.

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