Import prices fall again More workers involved in work stoppages in 2000 Finance industry led the way in earnings in 1990s Unit labor costs accelerate in fourth quarter Increase in work stoppages in 2000 Unit labor costs in the nonfarm business sector increased at a seasonally adjusted annual rate of 4.1 percent in the fourth quarter of 2000, after rising 3.2 percent in the third quarter of 2000. During the third quarter, hourly compensation was up by 6.2 percent and productivity increased 3.0 percent. 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. Unit labor costs can also be expressed as the ratio of hourly compensation to labor productivity. These data are a product of the BLS Quarterly Labor Productivity program.
Data are subject to revision.
The Bureau of Labor Statistics is an agency within the U.S. Department of Labor .