Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.


The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Jump in factory labor costs in 2001

February 08, 2002

Unit labor costs in manufacturing grew 6.2 percent in 2001. This was the largest annual increase since 1981, when these costs rose 8.9 percent.

Percent change in unit labor costs, manufacturing, 1992-2001
[Chart data—TXT]

The 6.2-percent rise in unit labor costs in 2001 was the result of a 7.3 -percent increase in hourly compensation and a 1.0-percent increase in labor productivity.

Unit labor costs—the cost of the labor input required to produce one unit of output—are computed by dividing labor costs in nominal terms by real output. Unit labor costs can also be expressed as the ratio of hourly compensation to labor productivity.

These data are a product of BLS Productivity and Costs program. Data are subject to revision. Additional information is available in "Productivity and Costs, Fourth-Quarter and Annual Averages for 2001 (Preliminary)," news release USDL 02-64.


Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Jump in factory labor costs in 2001 at (visited April 22, 2024).

Recent editions of Spotlight on Statistics