Federal Reserve Economic Data

Table Data - Labor Compensation for Private Nonfarm in West Virginia

Title Labor Compensation for Private Nonfarm in West Virginia
Series ID IPUZNL020540000
Source U.S. Bureau of Labor Statistics
Release Industry Productivity
Seasonal Adjustment Not Seasonally Adjusted
Frequency Annual
Units Millions of Dollars
Date Range 2007-01-01 to 2024-01-01
Last Updated 2025-06-03 3:09 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
2007-01-01 26402.177
2008-01-01 27812.409
2009-01-01 27304.478
2010-01-01 27396.364
2011-01-01 29272.422
2012-01-01 30544.662
2013-01-01 31019.345
2014-01-01 30924.019
2015-01-01 31660.578
2016-01-01 30407.309
2017-01-01 31786.797
2018-01-01 34522.330
2019-01-01 34279.938
2020-01-01 32398.928
2021-01-01 34852.337
2022-01-01 37467.124
2023-01-01 39656.725
2024-01-01 41942.010

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