September 2022: Employer compensation costs per hour

Each month, LP Gas provides updates on the U.S. propane market, as well as the latest trends. The data for September 2022 is from the U.S. Bureau of Labor Statistics and shows employer compensation costs per hour worked.

Stock information for Ferrellgas and Suburban Propane is also provided.

PROPANE MARKET METRICS

Employer costs per hour worked for employee compensation of private industry workers, by Census division, March 2022

Data source: U.S. Bureau of Labor Statistics

Commentary:

According to the U.S. Bureau of Labor Statistics, total employer compensation costs for private industry workers averaged $38.61 per hour worked in March 2022. Wage and salary costs averaged $27.19 and accounted for 70.4 percent of employer costs, while benefit costs were $11.42 and accounted for 29.6 percent. Total compensation costs for private industry workers were $14.97 at the 10th wage percentile, $28.60 at the 50th (median) wage percentile and $74.46 at the 90th wage percentile.

Read more: LP Gas wage survey gauges industry response to labor pressures

STOCK WATCH

Company	12-month chart (as of August ’22)	Price (8/18/22)	Current Yield	52-Week Low	52-Week High	YTD Price Performance
Ferrellgas – FGPR		$11.85	N/A	10.62	25.34	(19.3%)
Suburban Propane – SPH		16.28	8.0%	13.83	17.75	11.1%

Source: Company data, FactSet and Wells Fargo Securities LLC (SPH); Yahoo Finance (FGPR)

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