Federal Reserve Economic Data

Table Data - Labor Compensation for Manufacturing: Food Manufacturing (NAICS 311) in the United States

Title Labor Compensation for Manufacturing: Food Manufacturing (NAICS 311) in the United States
Series ID IPUEN311L020000000
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 34936.058
1988-01-01 36888.435
1989-01-01 39426.105
1990-01-01 40657.575
1991-01-01 42585.076
1992-01-01 44662.737
1993-01-01 45927.810
1994-01-01 47099.096
1995-01-01 48427.563
1996-01-01 49324.609
1997-01-01 48845.141
1998-01-01 50381.044
1999-01-01 52225.490
2000-01-01 53865.110
2001-01-01 55175.422
2002-01-01 57570.712
2003-01-01 58596.287
2004-01-01 59749.604
2005-01-01 61481.042
2006-01-01 62335.896
2007-01-01 65482.121
2008-01-01 66557.209
2009-01-01 66668.870
2010-01-01 68661.483
2011-01-01 68832.374
2012-01-01 71521.094
2013-01-01 73080.709
2014-01-01 74583.127
2015-01-01 77454.209
2016-01-01 81280.030
2017-01-01 87892.922
2018-01-01 89606.191
2019-01-01 91786.125
2020-01-01 97194.773
2021-01-01 102662.139
2022-01-01 111347.828
2023-01-01 117226.425

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