Manufacturing unit labor costs up in 2007
February 08, 2008
Unit labor costs in manufacturing increased 1.6 percent in 2007, a reversal from the 1.5-percent decline in 2006.
The last time that manufacturing unit labor costs experienced an annual increase was in 2003.
In the durable goods manufacturing sector unit labor costs edged up 0.6 percent in 2007 following a 2.9-percent decline in 2006. Unit labor costs in nondurable goods industries rose 3.0 percent in 2007 after declining 0.5 percent in 2006.
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 from the BLS Productivity and Costs program. Data are subject to revision. For more information, see the "Productivity and Costs, Preliminary Fourth Quarter and Annual Averages for 2007" (PDF) (HTML), news release USDL 08-0171.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Manufacturing unit labor costs up in 2007 on the Internet at https://www.bls.gov/opub/ted/2008/feb/wk1/art05.htm (visited January 17, 2018).
Recent editions of Spotlight on Statistics
Industry on Tap: Breweries
A look at employment, wages, and job safety in breweries and producer prices for beer.
Differences in Parents’ Time Use between the Summer and the School Year
A look at how parents of school-age children spend their time in the summer and the school year.
Hispanics in the United States: Celebrating National Hispanic Heritage Month
A look at employment, earnings, consumer spending, time use, and workplace injuries and illnesses for the Hispanic or Latino U.S. population.
Expenditures on Admissions to the Arts, Movies, Sporting Events, and Other Entertainment
A look at consumer spending and attendance at arts, sports, and entertainment events.