In the United States, nonfarm business sector unit labor costs increased by 6.8 percent in the fourth quarter of 2020 compared to the previous quarter. 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.
Quarterly percent change in nonfarm business sector unit labor costs in the United States from 2017 to 2020
Loading statistic...
Basic Account
Get to know the platform
You only have access to basic statistics.
Single Account
The ideal entry-level account for individual users
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access
Corporate solution including all features.
* Prices do not include sales tax.
Further Content: You might find this interesting as well
Statistics
- U.S. labor productivity - quarterly change in the nonfarm business sector 2017-2020
- U.S. manufacturing sector unit labor costs - quarterly percent change 2017-2020
- U.S. nonfinancial corporate sector labor costs - quarterly percent change 2017-2020
- Productivity index in the manufacturing sector in Italy 2002-2019
- U.S. manufacturing sector labour productivity growth 1960-2013
- Change in manufacturing labor productivity by country 2002-2012
- LPI of the manufacturing industry Australia 2010-2019
- LPI of the financial and insurance services industry Australia 2010-2019
- LPI of the mining industry Australia 2010-2019
- LPI of the information, media and telecommunications industry Australia 2010-2019
- Labor productivity growth rate United Kingdom (UK) 2013-2060
- LPI of the transport, postal and warehousing industry Australia 2010-2019
- Projected labor productivity growth in China until 2030
- LPI of the accommodation and food services industry Australia 2010-2019
- LPI of the arts and recreation services industry Australia 2010-2019
- LPI of the retail trade industry Australia 2010-2019
- Major labor costs Queensland, Australia 2016 by type
- Major labor costs Victoria, Australia 2016 by type
- Major labor costs Australian Capital Territory 2016 by type
- Major labor costs South Australia 2016 by type
Bureau of Labor Statistics. (February 4, 2021). Quarterly percent change in nonfarm business sector unit labor costs in the United States from 2017 to 2020 [Graph]. In Statista. Retrieved February 28, 2021, 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 2020." Chart. February 4, 2021. Statista. Accessed February 28, 2021. https://www.statista.com/statistics/217148/quarterly-percent-change-in-nonfarm-business-sector-unit-labor-costs-in-the-us/
Bureau of Labor Statistics. (2021). Quarterly percent change in nonfarm business sector unit labor costs in the United States from 2017 to 2020. Statista. Statista Inc.. Accessed: February 28, 2021. 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 2020." Statista, Statista Inc., 4 Feb 2021, 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 2020 Statista, https://www.statista.com/statistics/217148/quarterly-percent-change-in-nonfarm-business-sector-unit-labor-costs-in-the-us/ (last visited February 28, 2021)