Source: U.S. Bureau of Labor Statistics
Release: Productivity and Costs
BLS calculates unit labor costs as the ratio of hourly compensation to labor productivity.
For more information, please go to https://www.bls.gov/news.release/pdf/prod2.pdf
Source Indicator PRS30006112
U.S. Bureau of Labor Statistics, Manufacturing Sector: Unit Labor Costs for All Workers [PRS30006112], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PRS30006112, December 10, 2023.