U.S. manufacturing sector unit labor costs - quarterly percent change 2016-2019

Quarterly percent change in the manufacturing sector unit labor costs in the United States from 2016 to 2019

by Erin Duffin, last edited Sep 13, 2019
U.S. manufacturing sector unit labor costs - quarterly percent change 2016-2019 This statistic shows the quarterly percent change in the manufacturing sector unit labor costs in the United States from 2016 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. Manufacturing sector unit labor costs increased by 6.7 percent in the second quarter of 2019.
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Quarterly percent change in the manufacturing sector unit labor costs in the United States from 2016 to 2019

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