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Labor Compensation for Manufacturing: Animal Food Manufacturing (NAICS 31111) in the United States (IPUEN31111L020000000)

Observation:

2023: 5,324.771 (+ more)   Updated: Apr 26, 2024 9:10 AM CDT
2023:  5,324.771  
2022:  5,010.059  
2021:  4,586.505  
2020:  4,346.754  
2019:  4,011.819  
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Units:

Millions of Dollars,
Not Seasonally Adjusted

Frequency:

Annual

NOTES

Source: U.S. Bureau of Labor Statistics  

Release: Industry Productivity  

Units:  Millions of Dollars, Not Seasonally Adjusted

Frequency:  Annual

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.

Suggested Citation:

U.S. Bureau of Labor Statistics, Labor Compensation for Manufacturing: Animal Food Manufacturing (NAICS 31111) in the United States [IPUEN31111L020000000], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/IPUEN31111L020000000, .

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