Manufacturing sector unit labor costs in the United States increased by 5.3 percent in the third quarter of 2024. 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 the manufacturing sector unit labor costs in the United States from the third quarter of 2020 to the third quarter of 2024
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Bureau of Labor Statistics. (November 7, 2024). Quarterly percent change in the manufacturing sector unit labor costs in the United States from the third quarter of 2020 to the third quarter of 2024 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/217158/quarterly-percent-change-in-the-us-manufacturing-sector-unit-labor-costs/
Bureau of Labor Statistics. "Quarterly percent change in the manufacturing sector unit labor costs in the United States from the third quarter of 2020 to the third quarter of 2024." Chart. November 7, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/217158/quarterly-percent-change-in-the-us-manufacturing-sector-unit-labor-costs/
Bureau of Labor Statistics. (2024). Quarterly percent change in the manufacturing sector unit labor costs in the United States from the third quarter of 2020 to the third quarter of 2024. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/217158/quarterly-percent-change-in-the-us-manufacturing-sector-unit-labor-costs/
Bureau of Labor Statistics. "Quarterly Percent Change in The Manufacturing Sector Unit Labor Costs in The United States from The Third Quarter of 2020 to The Third Quarter of 2024." Statista, Statista Inc., 7 Nov 2024, https://www.statista.com/statistics/217158/quarterly-percent-change-in-the-us-manufacturing-sector-unit-labor-costs/
Bureau of Labor Statistics, Quarterly percent change in the manufacturing sector unit labor costs in the United States from the third quarter of 2020 to the third quarter of 2024 Statista, https://www.statista.com/statistics/217158/quarterly-percent-change-in-the-us-manufacturing-sector-unit-labor-costs/ (last visited November 21, 2024)
Quarterly percent change in the manufacturing sector unit labor costs in the United States from the third quarter of 2020 to the third quarter of 2024 [Graph], Bureau of Labor Statistics, November 7, 2024. [Online]. Available: https://www.statista.com/statistics/217158/quarterly-percent-change-in-the-us-manufacturing-sector-unit-labor-costs/
