After making the case for reshoring in a previous article, PwC identified 7 key factors influencing potential US manufacturing resurgence. Obviously, labor cost is one of those factors but not the only one. “Industrial manufacturers may increasingly rethink their U.S.
Productivity, the amount of output per hour of work, increased at an annual rate of 2.3% in the third quarter while labor costs fell at a rate of 1%, the Labor Department reported Wednesday. In the five-and-a-half years since the
Unit labor costs – a gauge of the labor-related cost for any given unit of output – fell at a 1.4 per cent rate in the third quarter, roughly double the originally estimated fall, underscoring the lack of wage-related inflation
Unit labor costs were flat in the second quarter, less than the 1.4 percent rise the government had initially estimated. U.S. workers were more productive from April through June than previously estimated while labor costs were unchanged. Productivity grew at
Labor costs rose at a 4.5 percent rate in the fourth quarter 0f 2012, the fastest gain since the first quarter of 2012. However, for all of 2012, labor costs were up a modest 0.7 percent. That compared to a