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Labor Compensation for Professional, Scientific, and Technical Services: Engineering Services (NAICS 541330) in the United States (IPUMN541330L020000000)

Observation:

2022: 148,130.313 (+ more)   Updated: Jan 9, 2024
2022:  148,130.313  
2021:  135,096.555  
2020:  129,071.271  
2019:  125,788.056  
2018:  120,360.159  
View All

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 Professional, Scientific, and Technical Services: Engineering Services (NAICS 541330) in the United States [IPUMN541330L020000000], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/IPUMN541330L020000000, February 22, 2024.

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