Federal Reserve Economic Data

Table Data - Labor Compensation for Manufacturing: Primary Metal Manufacturing (NAICS 331) in the United States

Title Labor Compensation for Manufacturing: Primary Metal Manufacturing (NAICS 331) in the United States
Series ID IPUEN331L020000000
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 9:09 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 23922.767
1988-01-01 26097.354
1989-01-01 27233.246
1990-01-01 27729.347
1991-01-01 27170.519
1992-01-01 27424.231
1993-01-01 28173.643
1994-01-01 29642.507
1995-01-01 30564.567
1996-01-01 31163.075
1997-01-01 31852.465
1998-01-01 32089.844
1999-01-01 31399.852
2000-01-01 32033.330
2001-01-01 29792.509
2002-01-01 28804.448
2003-01-01 27596.699
2004-01-01 28502.522
2005-01-01 28895.552
2006-01-01 28962.885
2007-01-01 30031.122
2008-01-01 30625.823
2009-01-01 25058.401
2010-01-01 27426.610
2011-01-01 29845.733
2012-01-01 31733.289
2013-01-01 31837.705
2014-01-01 32172.517
2015-01-01 31958.174
2016-01-01 30787.477
2017-01-01 30871.364
2018-01-01 32393.677
2019-01-01 32829.841
2020-01-01 29567.742
2021-01-01 30342.541
2022-01-01 33998.040
2023-01-01 36135.720

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