December 06, 2002
Unit labor costs in the manufacturing sector fell at an annual rate of 1.0 percent (seasonally adjusted) in the third quarter of 2002. This decrease continued a series of quarterly declines in these costs that began in the third quarter of 2001.
The third-quarter decrease in unit labor costs in the manufacturing sector resulted from a combination of a 4.4-percent increase in hourly compensation and a 5.5-percent rise in productivity. The change in unit labor costs is roughly equal to the change in hourly compensation less the change in productivity.
These data are from the BLS Productivity and Costs program. Unit labor costs—the cost of the labor input required to produce one unit of output—are computed by dividing labor costs in nominal terms by real output. Data are subject to revision. Additional information is available in "Productivity and Costs, Third Quarter 2002 (revised)" (PDF) (TXT), news release USDL 02-668.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Decline of manufacturing unit labor costs continues on the Internet at http://www.bls.gov/opub/ted/2002/dec/wk1/art05.htm (visited May 24, 2015).
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.