Federal Reserve Economic Data

Table Data - Labor Compensation for Manufacturing: Machine Shops (NAICS 33271) in the United States

Title Labor Compensation for Manufacturing: Machine Shops (NAICS 33271) in the United States
Series ID IPUEN33271L020000000
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 2021-01-01
Last Updated 2023-03-06 12:21 PM CST
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 5914.824
1988-01-01 6115.219
1989-01-01 7216.200
1990-01-01 7645.944
1991-01-01 7673.134
1992-01-01 8265.187
1993-01-01 8629.759
1994-01-01 9568.119
1995-01-01 11277.653
1996-01-01 11970.267
1997-01-01 11668.896
1998-01-01 12132.784
1999-01-01 11966.843
2000-01-01 12691.317
2001-01-01 12402.918
2002-01-01 10889.575
2003-01-01 10817.380
2004-01-01 11535.718
2005-01-01 12351.430
2006-01-01 13656.012
2007-01-01 14473.293
2008-01-01 14608.619
2009-01-01 11921.855
2010-01-01 12881.376
2011-01-01 14103.285
2012-01-01 14806.836
2013-01-01 15046.474
2014-01-01 15881.962
2015-01-01 15575.577
2016-01-01 15045.374
2017-01-01 15394.750
2018-01-01 15963.921
2019-01-01 16117.455
2020-01-01 15426.747
2021-01-01 15810.225

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