Federal Reserve Economic Data

Table Data - Labor Compensation for Manufacturing: Machinery Manufacturing (NAICS 333) in the United States

Title Labor Compensation for Manufacturing: Machinery Manufacturing (NAICS 333) in the United States
Series ID IPUEN333L020000000
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 44604.807
1988-01-01 47747.876
1989-01-01 50510.224
1990-01-01 51640.060
1991-01-01 50777.864
1992-01-01 52407.040
1993-01-01 54320.586
1994-01-01 57171.691
1995-01-01 61056.878
1996-01-01 63394.891
1997-01-01 67445.910
1998-01-01 68766.757
1999-01-01 68771.566
2000-01-01 70642.739
2001-01-01 67035.582
2002-01-01 63072.248
2003-01-01 62058.326
2004-01-01 62257.947
2005-01-01 64972.232
2006-01-01 67969.273
2007-01-01 73343.182
2008-01-01 73900.803
2009-01-01 63891.007
2010-01-01 65397.031
2011-01-01 70617.040
2012-01-01 77829.330
2013-01-01 78798.697
2014-01-01 79293.163
2015-01-01 81476.226
2016-01-01 78673.541
2017-01-01 83603.889
2018-01-01 87760.336
2019-01-01 88967.988
2020-01-01 85338.523
2021-01-01 89068.424
2022-01-01 97456.094
2023-01-01 103713.328

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