MLchartDataset catalogue

Labor compensation

Term · Economic statistics · MLC-T-ECS-001027

Compensation to or on behalf of individuals for the labor services they use to produce output.

Note: Also called labor compensation costs and compensation. Compensation may include salaries, wages, bonuses, contributions to benefits plans, and other forms of payment.

Table 1. Record
IdentifierMLC-T-ECS-001027
FieldEconomic statistics
ReferencesBLS Glossary
Record as JSON 
{
  "id": "MLC-T-ECS-001027",
  "term": "Labor compensation",
  "field": "Economic statistics",
  "definition": "Compensation to or on behalf of individuals for the labor services they use to produce output.\n\nNote: Also called labor compensation costs and compensation. Compensation may include salaries, wages, bonuses, contributions to benefits plans, and other forms of payment.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/labor-compensation/"
}

Record 1,009 of 2,141 in Economic statistics terminology (MLC-0116). Request the full dataset.