The Housing Chronicles Blog: Unit labor costs rose 2.2 percent in 1Q 2017 due entirely to higher hourly compensation

Monday, June 5, 2017

Unit labor costs rose 2.2 percent in 1Q 2017 due entirely to higher hourly compensation

Unit labor costs in the nonfarm business sector increased 2.2 percent in the first quarter of 2017, reflecting a 2.2-percent increase in hourly compensation; productivity was unchanged. Unit labor costs increased 1.1 percent over the last four quarters.

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