U.S. manufacturing sector unit labor costs - quarterly percent change 2017-2020

This statistic shows the quarterly percent change in the manufacturing sector unit labor costs in the United States from 2017 to 2020. 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 6.9 percent in the first quarter of 2020.

Quarterly percent change in the manufacturing sector unit labor costs in the United States from 2017 to 2020

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Source

Release date

June 2020

Region

United States

Survey time period

2017 to 2020

Supplementary notes

For a detailed explanation on the methodology employed by the Bureau of Labor Statistics to calculate the data see here.

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