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Title:               Labor Compensation for Professional, Scientific, and Technical Services: Accounting, Tax Preparation, Bookkeeping, and Payroll Services (NAICS 54121) in the United States
Series ID:           IPUMN54121L020000000
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 9:06 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