Federal Reserve Economic Data: Your trusted data source since 1991

Nonfarm Business Sector: Unit Labor Costs for All Workers (PRS85006111)

Observation:

Q3 2023: 1.6 (+ more)   Updated: Dec 6, 2023
Q3 2023:  1.6  
Q2 2023:  3.6  
Q1 2023:  4.2  
Q4 2022:  4.4  
Q3 2022:  5.7  
View All

Units:

Percent Change from Quarter One Year Ago,
Seasonally Adjusted

Frequency:

Quarterly

NOTES

Source: U.S. Bureau of Labor Statistics  

Release: Productivity and Costs  

Units:  Percent Change from Quarter One Year Ago, Seasonally Adjusted

Frequency:  Quarterly

Notes:

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

Suggested Citation:

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.


Subscribe to the FRED newsletter


Follow us

Back to Top
Top