Tag: Labor Costs
The latest Productivity and Costs news release (http://www.bls.gov/news.release/pdf/prod2.pdf) was issued today by the Bureau of Labor Statistics. Highlights are below.
Productivity increased 6.2 percent in the nonfarm business sector during the fourth quarter of 2009 as unit labor costs fell 4.4 percent (seasonally adjusted annual rates, preliminary). In manufacturing, productivity rose 7.8 percent while unit labor costs fell 7.4 percent.