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Table Data - Labor Compensation for Accommodation and Food Services: Food Services and Drinking Places (NAICS 722) in the United States
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Title
Labor Compensation for Accommodation and Food Services: Food Services and Drinking Places (NAICS 722) in the United States
Series ID
IPUTN722L020000000
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 9:11 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.
