Federal Reserve Economic Data

Unit Labor Costs for Mining: Oil and Gas Extraction (NAICS 2111) in the United States (IPUBN2111U100000000)

2023: 72.057
Updated: Dec 2, 2024 2:17 PM CST
Next Release Date: Not Available
2023:  72.057  
2022:  73.239  
2021:  69.257  
2020:  81.041  
2019:  83.191  
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Units:

Index 2017=100,
Not Seasonally Adjusted

Frequency:

Annual
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(a) Unit Labor Costs for Mining: Oil and Gas Extraction (NAICS 2111) in the United States, Index 2017=100, Not Seasonally Adjusted (IPUBN2111U100000000)

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    Unit Labor Costs for Mining: Oil and Gas Extraction (NAICS 2111) in the United States
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    NOTES

    Source: U.S. Bureau of Labor Statistics  

    Release: Industry Productivity  

    Units:  Index 2017=100, Not Seasonally Adjusted

    Frequency:  Annual

    Notes:

    Unit labor costs represent the cost of labor required to produce one unit of output. The unit labor cost indexes are computed by dividing an index of nominal industry labor compensation by an index of real industry output.

    Suggested Citation:

    U.S. Bureau of Labor Statistics, Unit Labor Costs for Mining: Oil and Gas Extraction (NAICS 2111) in the United States [IPUBN2111U100000000], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/IPUBN2111U100000000, February 24, 2025.

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