This statistic shows the quarterly percent change in nonfarm business sector unit labor costs in the United States from 2017 to 2019. The data are seasonally adjusted at annual rates. Unit labor costs describe the relationship between compensation per hour and productivity, or real output per hour, and can be used as an indicator of inflationary pressure on producers. Increases in hourly compensation increase unit labor costs; labor productivity increases offset compensation increases and lower unit labor costs. Nonfarm business sector unit labor costs increased by 1.4 percent in the fourth quarter of 2019 compared to the previous quarter.
Quarterly percent change in nonfarm business sector unit labor costs in the United States from 2017 to 2019
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Bureau of Labor Statistics. (February 6, 2020). Quarterly percent change in nonfarm business sector unit labor costs in the United States from 2017 to 2019 [Graph]. In Statista. Retrieved February 17, 2020, from https://www.statista.com/statistics/217148/quarterly-percent-change-in-nonfarm-business-sector-unit-labor-costs-in-the-us/
Bureau of Labor Statistics. "Quarterly percent change in nonfarm business sector unit labor costs in the United States from 2017 to 2019." Chart. February 6, 2020. Statista. Accessed February 17, 2020. https://www.statista.com/statistics/217148/quarterly-percent-change-in-nonfarm-business-sector-unit-labor-costs-in-the-us/
Bureau of Labor Statistics. (2020). Quarterly percent change in nonfarm business sector unit labor costs in the United States from 2017 to 2019. Statista. Statista Inc.. Accessed: February 17, 2020. https://www.statista.com/statistics/217148/quarterly-percent-change-in-nonfarm-business-sector-unit-labor-costs-in-the-us/
Bureau of Labor Statistics. "Quarterly Percent Change in Nonfarm Business Sector Unit Labor Costs in The United States from 2017 to 2019." Statista, Statista Inc., 6 Feb 2020, https://www.statista.com/statistics/217148/quarterly-percent-change-in-nonfarm-business-sector-unit-labor-costs-in-the-us/
Bureau of Labor Statistics, Quarterly percent change in nonfarm business sector unit labor costs in the United States from 2017 to 2019 Statista, https://www.statista.com/statistics/217148/quarterly-percent-change-in-nonfarm-business-sector-unit-labor-costs-in-the-us/ (last visited February 17, 2020)
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