Federal Reserve Economic Data

Table Data - Labor Compensation for Accommodation and Food Services: Accommodation (NAICS 721) in the United States

Title Labor Compensation for Accommodation and Food Services: Accommodation (NAICS 721) in the United States
Series ID IPUTN721U110000000
Source U.S. Bureau of Labor Statistics
Release Industry Productivity
Seasonal Adjustment Not Seasonally Adjusted
Frequency Annual
Units Index 2017=100
Date Range 1987-01-01 to 2023-01-01
Last Updated 2024-12-02 2:15 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 26.124
1988-01-01 29.757
1989-01-01 32.518
1990-01-01 34.961
1991-01-01 35.838
1992-01-01 36.617
1993-01-01 38.287
1994-01-01 40.115
1995-01-01 42.058
1996-01-01 45.039
1997-01-01 48.488
1998-01-01 51.694
1999-01-01 55.144
2000-01-01 59.168
2001-01-01 58.326
2002-01-01 56.933
2003-01-01 58.815
2004-01-01 62.340
2005-01-01 66.903
2006-01-01 69.258
2007-01-01 73.492
2008-01-01 74.788
2009-01-01 69.083
2010-01-01 71.339
2011-01-01 75.461
2012-01-01 78.856
2013-01-01 82.330
2014-01-01 86.804
2015-01-01 91.238
2016-01-01 94.424
2017-01-01 100.000
2018-01-01 104.276
2019-01-01 109.820
2020-01-01 78.970
2021-01-01 91.175
2022-01-01 109.024
2023-01-01 120.575

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