Home > Releases > Industry Productivity > Labor Compensation for Finance and Insurance: Commercial Banking (NAICS 522110) in the United States
Observation:
2023: 261,950.240 (+ more) Updated: Jun 27, 2024 9:37 AM CDT2023: | 261,950.240 | |
2022: | 247,979.719 | |
2021: | 238,114.255 | |
2020: | 224,081.887 | |
2019: | 210,697.854 |
Units:
Millions of Dollars,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 Finance and Insurance: Commercial Banking (NAICS 522110) in the United States | 2021-05-27 | 2024-06-27 |
Source | ||
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U.S. Bureau of Labor Statistics | 2021-05-27 | 2024-06-27 |
Release | ||
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Industry Productivity | 2021-05-27 | 2024-06-27 |
Units | ||
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Millions of Dollars | 2021-05-27 | 2024-06-27 |
Frequency | ||
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Annual | 2021-05-27 | 2024-06-27 |
Seasonal Adjustment | ||
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Not Seasonally Adjusted | 2021-05-27 | 2024-06-27 |
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 | 2024-06-27 |