Observations
2023: 15,681.197 | Millions of Dollars | Annual
Updated: Apr 26, 2024 9:18 AM CDT
Next Release Date: Not Available
Observations
2023: | 15,681.197 | |
2022: | 14,864.604 | |
2021: | 13,814.835 | |
2020: | 13,095.195 | |
2019: | 12,642.375 | |
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Units:
Frequency:
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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: Cement and Concrete Product Manufacturing (NAICS 3273) in the United States [IPUEN3273L020000000], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/IPUEN3273L020000000, February 20, 2025.
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