Federal Reserve Economic Data: Your trusted data source since 1991

Nonfinancial Corporations Sector: Unit Labor Costs for Employees (PRS88003112)

Observation:

Q3 2023: 1.2 (+ more)   Updated: Feb 1, 2024
Q3 2023:  1.2  
Q2 2023:  4.9  
Q1 2023:  5.0  
Q4 2022:  1.7  
Q3 2022:  5.2  
View All

Units:

Percent Change at Annual Rate,
Seasonally Adjusted

Frequency:

Quarterly

NOTES

Source: U.S. Bureau of Labor Statistics  

Release: Productivity and Costs  

Units:  Percent Change at Annual Rate, 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 PRS88003112

Suggested Citation:

U.S. Bureau of Labor Statistics, Nonfinancial Corporations Sector: Unit Labor Costs for Employees [PRS88003112], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PRS88003112, February 26, 2024.

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