Federal Reserve Economic Data

Table Data - Labor Compensation for Manufacturing: Metalworking Machinery Manufacturing (NAICS 3335) in the United States

Title Labor Compensation for Manufacturing: Metalworking Machinery Manufacturing (NAICS 3335) in the United States
Series ID IPUEN3335L020000000
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 9:16 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 7428.544
1988-01-01 7817.953
1989-01-01 8464.235
1990-01-01 8554.044
1991-01-01 8194.504
1992-01-01 8848.177
1993-01-01 9175.216
1994-01-01 9527.871
1995-01-01 10675.343
1996-01-01 11300.969
1997-01-01 12051.843
1998-01-01 12284.415
1999-01-01 11997.370
2000-01-01 12174.052
2001-01-01 11018.278
2002-01-01 10082.863
2003-01-01 9633.979
2004-01-01 9714.125
2005-01-01 10085.774
2006-01-01 10332.511
2007-01-01 10865.399
2008-01-01 10530.799
2009-01-01 8192.080
2010-01-01 8652.611
2011-01-01 9482.676
2012-01-01 9997.708
2013-01-01 10217.534
2014-01-01 10492.345
2015-01-01 10865.464
2016-01-01 10788.779
2017-01-01 11351.585
2018-01-01 11594.281
2019-01-01 11355.159
2020-01-01 10679.358
2021-01-01 10971.936
2022-01-01 11518.288
2023-01-01 11769.793

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