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Title:               Labor Compensation for Finance and Insurance: Commercial Banking (NAICS 52211) in the United States
Series ID:           IPUKN52211L020000000
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 2022-01-01
Last Updated:        2023-06-29 2:07 PM 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   45182.994
1988-01-01   46559.628
1989-01-01   49165.706
1990-01-01   51765.473
1991-01-01   53110.990
1992-01-01   54815.778
1993-01-01   58203.405
1994-01-01   60623.346
1995-01-01   63460.904
1996-01-01   67072.102
1997-01-01   71812.946
1998-01-01   79146.029
1999-01-01   85458.945
2000-01-01   88572.813
2001-01-01   92608.342
2002-01-01  100379.252
2003-01-01  107790.342
2004-01-01  110905.688
2005-01-01  122952.264
2006-01-01  133404.884
2007-01-01  141308.329
2008-01-01  137941.420
2009-01-01  151131.188
2010-01-01  156562.885
2011-01-01  164690.064
2012-01-01  173455.138
2013-01-01  175494.662
2014-01-01  177742.371
2015-01-01  181123.600
2016-01-01  186933.983
2017-01-01  197234.628
2018-01-01  205208.506
2019-01-01  210697.854
2020-01-01  224081.887
2021-01-01  238118.987
2022-01-01  247750.474