In the fourth quarter of 2023, the nonfinancial corporate sector unit labor costs decreased by 3.7 percent in the United States. The data are seasonally adjusted at annual rates. Unit labor costs describe the relationship between compensation per hour and productivity, or real output per hour, and can be used as an indicator of inflationary pressure on producers. Increases in hourly compensation increase unit labor costs; labor productivity increases offset compensation increases and lower unit labor costs.
Quarterly percent change in the nonfinancial corporate sector unit labor costs in the United States from the fourth quarter of 2020 to the fourth quarter of 2023
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Bureau of Labor Statistics. (May 2, 2024). Quarterly percent change in the nonfinancial corporate sector unit labor costs in the United States from the fourth quarter of 2020 to the fourth quarter of 2023 [Graph]. In Statista. Retrieved July 08, 2024, from https://www.statista.com/statistics/217176/quarterly-percent-change-in-us-nonfinancial-corporate-sector-unit-labor-costs/?session=750ed8af026fc2f08fc7772f49dea257
Bureau of Labor Statistics. "Quarterly percent change in the nonfinancial corporate sector unit labor costs in the United States from the fourth quarter of 2020 to the fourth quarter of 2023." Chart. May 2, 2024. Statista. Accessed July 08, 2024. https://www.statista.com/statistics/217176/quarterly-percent-change-in-us-nonfinancial-corporate-sector-unit-labor-costs/?session=750ed8af026fc2f08fc7772f49dea257
Bureau of Labor Statistics. (2024). Quarterly percent change in the nonfinancial corporate sector unit labor costs in the United States from the fourth quarter of 2020 to the fourth quarter of 2023. Statista. Statista Inc.. Accessed: July 08, 2024. https://www.statista.com/statistics/217176/quarterly-percent-change-in-us-nonfinancial-corporate-sector-unit-labor-costs/?session=750ed8af026fc2f08fc7772f49dea257
Bureau of Labor Statistics. "Quarterly Percent Change in The Nonfinancial Corporate Sector Unit Labor Costs in The United States from The Fourth Quarter of 2020 to The Fourth Quarter of 2023." Statista, Statista Inc., 2 May 2024, https://www.statista.com/statistics/217176/quarterly-percent-change-in-us-nonfinancial-corporate-sector-unit-labor-costs/?session=750ed8af026fc2f08fc7772f49dea257
Bureau of Labor Statistics, Quarterly percent change in the nonfinancial corporate sector unit labor costs in the United States from the fourth quarter of 2020 to the fourth quarter of 2023 Statista, https://www.statista.com/statistics/217176/quarterly-percent-change-in-us-nonfinancial-corporate-sector-unit-labor-costs/?session=750ed8af026fc2f08fc7772f49dea257 (last visited July 08, 2024)
Quarterly percent change in the nonfinancial corporate sector unit labor costs in the United States from the fourth quarter of 2020 to the fourth quarter of 2023 [Graph], Bureau of Labor Statistics, May 2, 2024. [Online]. Available: https://www.statista.com/statistics/217176/quarterly-percent-change-in-us-nonfinancial-corporate-sector-unit-labor-costs/?session=750ed8af026fc2f08fc7772f49dea257