Estimates Were Derived By Dividing Total Nonfarm Employee Compensation By Total Manhours In Nonagricultural Establishments (From Worksheets In The Bureau Of Census Files). Source: For Payroll Estimates: 1947-1962 Data Is From The National Income And Product Accounts Of The United States, 1929-1965; 1963-1970 Data Is From Survey Of Current Business, July 1967 And Subsequent Issues. For Manhours: Bureau Of Labor Statistics, Business Cycle Developments, February 1968, Summary Table, "Manhours In Nonfarm Establishments, All Employees", And Current Issues; Also In Survey Of Current Business.
This NBER data series m08350 appears on the NBER website in Chapter 8 at http://www.nber.org/databases/macrohistory/contents/chapter08.html.
NBER Indicator: m08350
Release: NBER Macrohistory Database
National Bureau of Economic Research, Hourly Compensation, Nonagricultural Establishments, All Employees for United States [M08350USM052SNBR], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/M08350USM052SNBR/, October 8, 2015.