Unit Labor Costs for Information: Book Publishers (NAICS 511130) in the United States
IPUJN511130U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.50
Year-over-Year Change
31.06%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic trend measures unit labor costs for book publishers in the United States. It is an important indicator of labor productivity and production costs within the publishing industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Unit labor costs represent the cost of labor per unit of output. This metric is used by economists and policymakers to assess labor market conditions, inflationary pressures, and industry competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on industry-level output and labor compensation.
Historical Context
Unit labor cost trends help inform Federal Reserve monetary policy and guide business investment decisions.
Key Facts
- Unit labor costs for book publishers have risen by 25% over the past decade.
- The publishing industry accounts for over 700,000 U.S. jobs.
- Wage growth has outpaced productivity gains in the book publishing sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures unit labor costs for book publishers in the United States, which represent the cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: Unit labor cost trends are an important indicator of labor productivity, production costs, and industry competitiveness, which inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on industry-level output and labor compensation.
Q: How is this trend used in economic policy?
A: Unit labor cost data helps guide Federal Reserve monetary policy and business investment decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, Unit Labor Costs for Information: Book Publishers (NAICS 511130) in the United States (IPUJN511130U100000000), retrieved from FRED.