Declines in labor costs among manufacturing industries
November 24, 2000
Between 1997 and 1998, unit labor costs declined in 65 of 119 manufacturing industries measured by the Bureau of Labor Statistics.
The computer and office equipment industry experienced the largest drop in unit labor costs in 1998 (-29.2 percent). Other manufacturing industries with double-digit drops in labor costs were electronic components and accessories (-18.5 percent), aircraft and parts (-17.5 percent), and industrial inorganic chemicals (-14.7 percent).
Unit labor costs—the cost of the labor input required to produce one unit of output—are computed by dividing total compensation by real output.
This information is from the Industry Productivity Program. Additional information is available from "Productivity and Costs: Manufacturing Industries, 1990-98" news release USDL 00-335.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Declines in labor costs among manufacturing industries on the Internet at http://www.bls.gov/opub/ted/2000/nov/wk3/art04.htm (visited October 01, 2014).
Three recent editions of Spotlight on Statistics
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.