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CHART 3.6

Average annual growth rates for manufacturing unit labor costs in U.S. dollars, 1996-2006

  • Unit labor costs (ULC) are a component of total production costs and product prices. Declines in ULC indicate that an economy is becoming more cost-competitive.

  • ULC declined over the period in almost half of the economies, including the United States.

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Chart of Average annual growth rates for manufacturing unit labor costs in U.S. dollars, 1996-2006

SOURCE: Bureau of Labor Statistics.

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