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Title:               Labor Compensation for Manufacturing: Veneer, Plywood, and Engineered Wood Product Manufacturing (NAICS 32121) in the United States
Series ID:           IPUEN32121L020000000
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 9:18 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  2662.439
1988-01-01  2729.143
1989-01-01  2778.193
1990-01-01  2724.729
1991-01-01  2558.621
1992-01-01  2971.183
1993-01-01  3146.218
1994-01-01  3386.552
1995-01-01  3626.686
1996-01-01  3839.236
1997-01-01  3974.650
1998-01-01  4147.779
1999-01-01  4340.870
2000-01-01  4589.831
2001-01-01  4426.130
2002-01-01  4611.288
2003-01-01  4616.454
2004-01-01  4899.354
2005-01-01  5184.872
2006-01-01  5331.182
2007-01-01  4933.531
2008-01-01  4181.549
2009-01-01  2978.902
2010-01-01  3004.667
2011-01-01  2965.954
2012-01-01  3287.902
2013-01-01  3581.733
2014-01-01  3815.855
2015-01-01  4014.306
2016-01-01  4266.694
2017-01-01  4578.833
2018-01-01  4613.739
2019-01-01  4665.608
2020-01-01  4647.315
2021-01-01  5340.271
2022-01-01  5985.542
2023-01-01  5803.685