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Labor Costs

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Unit labor costs, relatively stagnant since 2002, are showing signs of an upward trend. Since the beginning of this year alone, unit labor costs, a productivity-adjusted measure of compensation, have risen nearly 2%, the highest growth rate since 2001.

Suggested citation: “Labor Costs,” Federal Reserve Bank of Cleveland, Economic Trends, no. 06-12, pp. 13, 12.15.2006.

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