Federal Reserve Economic Data

Table Data - Labor Compensation for Manufacturing: Electrical Equipment Manufacturing (NAICS 3353) in the United States

Title Labor Compensation for Manufacturing: Electrical Equipment Manufacturing (NAICS 3353) in the United States
Series ID IPUEN3353L020000000
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 6459.846
1988-01-01 6758.129
1989-01-01 6991.511
1990-01-01 7125.030
1991-01-01 7047.069
1992-01-01 7298.836
1993-01-01 7508.809
1994-01-01 7980.395
1995-01-01 8686.670
1996-01-01 8950.593
1997-01-01 8799.392
1998-01-01 9014.992
1999-01-01 8956.018
2000-01-01 8973.097
2001-01-01 8458.914
2002-01-01 7886.988
2003-01-01 7481.040
2004-01-01 7572.867
2005-01-01 8032.814
2006-01-01 8098.956
2007-01-01 8702.140
2008-01-01 9031.852
2009-01-01 7741.402
2010-01-01 7718.353
2011-01-01 7894.423
2012-01-01 8210.256
2013-01-01 8405.724
2014-01-01 8583.729
2015-01-01 8621.350
2016-01-01 8383.522
2017-01-01 8807.714
2018-01-01 9046.257
2019-01-01 9057.081
2020-01-01 9330.974
2021-01-01 10248.485
2022-01-01 11040.892
2023-01-01 11900.686

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