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 September 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.