Unit labor costs in manufacturing, second quarter 2010
August 12, 2010
Unit labor costs in manufacturing decreased 6.9 percent from the same quarter a year ago, the largest four-quarter decline since the series began in the first quarter of 1988.
From the previous quarter, at an annual rate, unit labor costs in manufacturing fell 6.1 percent in the second quarter of 2010.
In the first quarter of 2010, unit labor costs in manufacturing declined 6.2 percent rather than falling 1.5 percent as previously reported—reflecting a 5.0-percentage point downward revision to hourly compensation.
The U.S. Bureau of Labor Statistics defines unit labor costs as the ratio of hourly compensation to labor productivity; increases in hourly compensation tend to increase unit labor costs and increases in output per hour tend to reduce them.
These data, from the Productivity and Costs program, are seasonally adjusted, and are subject to revision. To learn more about productivity, output, hours and related measures, see "Productivity and Costs: Second Quarter 2010, Preliminary" (HTML) (PDF), news release USDL-10-1101.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Unit labor costs in manufacturing, second quarter 2010 on the Internet at http://www.bls.gov/opub/ted/2010/ted_20100812.htm (visited May 06, 2016).
Recent editions of Spotlight on Statistics
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.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.