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 PRS85006111
U.S. Bureau of Labor Statistics, Nonfarm Business Sector: Unit Labor Costs for All Workers [PRS85006111], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PRS85006111, December 8, 2023.