Home > Releases > Industry Productivity > Labor Compensation for Manufacturing: Other Electrical Equipment and Component Manufacturing (NAICS 3359) in the United States
Observation:
2023: 12.8 (+ more) Updated: Apr 26, 2024 9:15 AM CDT2023: | 12.8 | |
2022: | 8.3 | |
2021: | 6.3 | |
2020: | -0.7 | |
2019: | 4.3 |
Units:
Percent Change from Year Ago,Frequency:
AnnualData in this graph are copyrighted. Please review the copyright information in the series notes before sharing.
Title | Release Dates | |
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Labor Compensation for Manufacturing: Other Electrical Equipment and Component Manufacturing (NAICS 3359) in the United States | 2021-05-27 | 2024-04-25 |
Source | ||
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U.S. Bureau of Labor Statistics | 2021-05-27 | 2024-04-25 |
Release | ||
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Industry Productivity | 2021-05-27 | 2024-04-25 |
Units | ||
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Percent Change from Year Ago | 2021-05-27 | 2024-04-25 |
Frequency | ||
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Annual | 2021-05-27 | 2024-04-25 |
Seasonal Adjustment | ||
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Not Seasonally Adjusted | 2021-05-27 | 2024-04-25 |
Notes | ||
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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.
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2021-05-27 | 2024-04-25 |