Table Data - Labor Compensation for Professional, Scientific, and Technical Services: Accounting, Tax Preparation, Bookkeeping, and Payroll Services (NAICS 5412) in the United States

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Title	Labor Compensation for Professional, Scientific, and Technical Services: Accounting, Tax Preparation, Bookkeeping, and Payroll Services (NAICS 5412) in the United States
Series ID	IPUMN5412L020000000
Source	U.S. Bureau of Labor Statistics
Release	Industry Productivity
Seasonal Adjustment	Not Seasonally Adjusted
Frequency	Annual
Units	Millions of Dollars
Date Range	1997-01-01 to 2023-01-01
Last Updated	2024-04-26 9:12 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
1997-01-01	42565.718
1998-01-01	45507.715
1999-01-01	49241.006
2000-01-01	52489.191
2001-01-01	53519.334
2002-01-01	51934.688
2003-01-01	52287.355
2004-01-01	56016.866
2005-01-01	59865.607
2006-01-01	64254.119
2007-01-01	69291.412
2008-01-01	72544.486
2009-01-01	70201.441
2010-01-01	70064.488
2011-01-01	73541.991
2012-01-01	81058.114
2013-01-01	82368.916
2014-01-01	85702.592
2015-01-01	91622.345
2016-01-01	96449.972
2017-01-01	99158.256
2018-01-01	103860.623
2019-01-01	108152.139
2020-01-01	107415.478
2021-01-01	116956.123
2022-01-01	130310.739
2023-01-01	137267.532

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