Federal Reserve Economic Data

Table Data - Labor Compensation for Mining: Metal Ore Mining (NAICS 2122) in the United States

Title Labor Compensation for Mining: Metal Ore Mining (NAICS 2122) in the United States
Series ID IPUBN2122L020000000
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 9:20 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 1541.423
1988-01-01 1936.224
1989-01-01 2220.994
1990-01-01 2392.509
1991-01-01 2407.200
1992-01-01 2471.810
1993-01-01 2498.973
1994-01-01 2518.465
1995-01-01 2804.911
1996-01-01 3239.327
1997-01-01 3247.191
1998-01-01 3115.281
1999-01-01 3012.395
2000-01-01 2652.559
2001-01-01 2463.759
2002-01-01 2193.705
2003-01-01 2135.510
2004-01-01 2325.140
2005-01-01 2619.982
2006-01-01 3141.043
2007-01-01 3671.949
2008-01-01 4213.490
2009-01-01 3533.763
2010-01-01 3968.440
2011-01-01 4703.264
2012-01-01 5150.181
2013-01-01 5200.048
2014-01-01 5126.380
2015-01-01 4986.843
2016-01-01 4661.595
2017-01-01 4711.801
2018-01-01 5206.783
2019-01-01 5361.554
2020-01-01 5189.447
2021-01-01 5911.518
2022-01-01 6231.012
2023-01-01 6376.171

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