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Labor Compensation for Manufacturing: Motor Vehicle Electrical and Electronic Equipment (NAICS 33632) in the United States (IPUEN33632L021000000)

Observation:

2021: 4.0 (+ more)   Updated: Mar 6, 2023
2021:  4.0  
2020:  -2.5  
2019:  0.9  
2018:  4.2  
2017:  -1.3  
View All

Units:

Percent Change from Year Ago,
Not Seasonally Adjusted

Frequency:

Annual

NOTES

Source: U.S. Bureau of Labor Statistics  

Release: Industry Productivity  

Units:  Percent Change from Year Ago, 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: Motor Vehicle Electrical and Electronic Equipment (NAICS 33632) in the United States [IPUEN33632L021000000], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/IPUEN33632L021000000, June 7, 2023.

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