Federal Reserve Economic Data

Table Data - Labor Compensation for Mining: Oil and Gas Extraction (NAICS 2111) in the United States

Title Labor Compensation for Mining: Oil and Gas Extraction (NAICS 2111) in the United States
Series ID IPUBN2111L020000000
Source U.S. Bureau of Labor Statistics
Release Industry Productivity
Seasonal Adjustment Not Seasonally Adjusted
Frequency Annual
Units Millions of Dollars
Date Range 1987-01-01 to 2023-01-01
Last Updated 2024-04-26 9:10 AM CDT
Notes Labor compensation, defined as payroll plus supplemental payments, is a measure of the cost to the employer of securing the services of labor. Payroll includes salaries, wages, commissions, dismissal pay, bonuses, vacation and sick leave pay, and compensation in kind. Supplemental payments include both legally required expenditures and payments for voluntary programs. The legally required portion consists primarily of federal old age and survivors’ insurance, unemployment compensation, and workers’ compensation. Payments for voluntary programs include all programs not specifically required by legislation, such as the employer portion of private health insurance and pension plans.
DATE VALUE
1987-01-01 9241.837
1988-01-01 9707.227
1989-01-01 9903.232
1990-01-01 10354.093
1991-01-01 10638.455
1992-01-01 11003.531
1993-01-01 10875.995
1994-01-01 10937.798
1995-01-01 11059.985
1996-01-01 11530.261
1997-01-01 12664.311
1998-01-01 12895.991
1999-01-01 12821.783
2000-01-01 13835.088
2001-01-01 14471.589
2002-01-01 14236.280
2003-01-01 14519.774
2004-01-01 16732.884
2005-01-01 18969.554
2006-01-01 22780.946
2007-01-01 24997.435
2008-01-01 29326.171
2009-01-01 27742.784
2010-01-01 29968.632
2011-01-01 32884.806
2012-01-01 37364.084
2013-01-01 38598.775
2014-01-01 40871.150
2015-01-01 39835.611
2016-01-01 36222.016
2017-01-01 30705.133
2018-01-01 31088.439
2019-01-01 33062.415
2020-01-01 30424.447
2021-01-01 26065.357
2022-01-01 29126.063
2023-01-01 30999.326

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