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Title:               Labor Compensation for Manufacturing: Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing (NAICS 3327) in the United States
Series ID:           IPUEN3327L020000000
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 9:17 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   8698.881
1988-01-01   9140.164
1989-01-01  10328.100
1990-01-01  10783.334
1991-01-01  10750.305
1992-01-01  11526.910
1993-01-01  11995.786
1994-01-01  13115.509
1995-01-01  15055.945
1996-01-01  15947.538
1997-01-01  17336.729
1998-01-01  18005.629
1999-01-01  17817.299
2000-01-01  18680.274
2001-01-01  17977.831
2002-01-01  16483.119
2003-01-01  16379.674
2004-01-01  17150.096
2005-01-01  18286.001
2006-01-01  19990.779
2007-01-01  22265.338
2008-01-01  22460.960
2009-01-01  18157.592
2010-01-01  19536.742
2011-01-01  21392.520
2012-01-01  23624.735
2013-01-01  24003.487
2014-01-01  24709.990
2015-01-01  24508.190
2016-01-01  23714.117
2017-01-01  25106.945
2018-01-01  26057.390
2019-01-01  26412.385
2020-01-01  24843.021
2021-01-01  25502.713
2022-01-01  27693.636
2023-01-01  29122.609