Unit labor costs drop in 50 manufacturing industries
May 22, 2001
From 1998 to 1999, unit labor costs declined in 50 of 119 manufacturing industries measured by the Bureau of Labor Statistics.
The largest declines in unit labor costs in 1999 were in the following industries: computer and office equipment (-24.8 percent); women's and children's undergarments (-22.9 percent); electronic components and accessories (-21.7 percent); and photographic equipment and supplies (-14.3 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. Data are subject to revision. Industries discussed in this article are at the 3-digit level of the Standard Industrial Classification (SIC) Manual. Additional information is available from "Productivity and Costs: Manufacturing Industries, 1990-99" news release USDL 01-141.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Unit labor costs drop in 50 manufacturing industries on the Internet at http://www.bls.gov/opub/ted/2001/may/wk3/art02.htm (visited July 30, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.