Unit labor costs in the third quarter of 2010
December 03, 2010
From the previous quarter, at an annual rate, unit labor costs in nonfarm businesses decreased 0.1 percent in the third quarter of 2010, because productivity grew 2.3 percent while hourly compensation increased 2.2 percent.
From the previous quarter, at an annual rate, manufacturing unit labor costs increased 1.0 percent in the third quarter of 2010.
Over the last four quarters, unit labor costs in nonfarm business declined 1.1 percent, while unit labor costs in manufacturing fell 2.9 percent over that same period.
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: Third Quarter 2010, Revised" (HTML) (PDF), news release USDL-10-1661.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Unit labor costs in the third quarter of 2010 on the Internet at https://www.bls.gov/opub/ted/2010/ted_20101203.htm (visited January 22, 2017).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.