Nonfarm Business Sector: Unit Labor Costs for All Workers
Labor · FRED/Treasury · PRS85006112
What this measures. BLS calculates unit labor costs as the ratio of hourly compensation to labor productivity. For more information, please go to https://www.bls.gov/news.release/pdf/prod2.pdf Source Indicator PRS85006112
The latest reading sits at MID relative to this series' own history (316 observations) — a statement of where it is in its range, not a forecast. Hover the chart for values; the marked point is the most recent observation.
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