In the United States, nonfarm business sector unit labor costs increased by 11.6 percent in the first quarter of 2022 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 2018 to 2022
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Bureau of Labor Statistics. (May 2, 2022). Quarterly percent change in nonfarm business sector unit labor costs in the United States from 2018 to 2022 [Graph]. In Statista. Retrieved July 03, 2022, 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 2018 to 2022." Chart. May 2, 2022. Statista. Accessed July 03, 2022. https://www.statista.com/statistics/217148/quarterly-percent-change-in-nonfarm-business-sector-unit-labor-costs-in-the-us/
Bureau of Labor Statistics. (2022). Quarterly percent change in nonfarm business sector unit labor costs in the United States from 2018 to 2022. Statista. Statista Inc.. Accessed: July 03, 2022. 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 2018 to 2022." Statista, Statista Inc., 2 May 2022, 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 2018 to 2022 Statista, https://www.statista.com/statistics/217148/quarterly-percent-change-in-nonfarm-business-sector-unit-labor-costs-in-the-us/ (last visited July 03, 2022)
