BLS: Unit Labor Costs Decreased in 5 of 29 Selected Service-providing Industries in 2019
June 03, 2020
June 03, 2020
WASHINGTON, June 3 -- The U.S. Department of Labor's Bureau of Labor Statistics issued the following article from the Economics Daily:
Labor productivity rose in 14 of 29 selected service-providing industries in 2019, compared to 2018 when labor productivity increased in 21 of 29 industries. Unit labor costs declined in 5 industries in 2019. Each of the industries with a decline in unit labor costs also recorded an increase in productivity.
View chart at https://www.bls . . .
Labor productivity rose in 14 of 29 selected service-providing industries in 2019, compared to 2018 when labor productivity increased in 21 of 29 industries. Unit labor costs declined in 5 industries in 2019. Each of the industries with a decline in unit labor costs also recorded an increase in productivity.
View chart at https://www.bls . . .