NOTES
| Title | Release Dates | |
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| Real Labor Compensation for Private Nonfarm in Michigan | 2021-05-27 | 2023-05-25 |
| Source | ||
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| U.S. Bureau of Labor Statistics | 2021-05-27 | 2023-05-25 |
| Release | ||
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| Industry Productivity | 2021-05-27 | 2023-05-25 |
| Units | ||
|
|
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| Index 2007=100 | 2021-05-27 | 2022-01-26 |
| Index 2012=100 | 2022-01-27 | 2023-05-25 |
| Frequency | ||
|
|
||
| Annual | 2021-05-27 | 2023-05-25 |
| Seasonal Adjustment | ||
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| Not Seasonally Adjusted | 2021-05-27 | 2023-05-25 |
| 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.
|
2021-05-27 | 2022-01-26 |
|
Real labor compensation is defined as payments to labor to produce goods and services, including wages, benefits and other monetary or nonmonetary payments, adjusted for inflation.
|
2022-01-27 | 2023-05-25 |
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Millions of Dollars, Annual, Not Seasonally Adjusted
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Michigan
States
U.S. Regional Data
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