Unit Labor Costs for Information: Book Publishers (NAICS 51113) in the United States
IPUJN51113U100000000 • 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
The Unit Labor Costs for Information: Book Publishers (NAICS 51113) in the United States tracks the cost of labor per unit of output for this industry. It is a key indicator of productivity and labor market conditions.
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
This series measures the cost of labor required to produce one unit of output for book publishers in the United States. It is a vital metric for understanding industry-level productivity, cost pressures, and employment dynamics.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using employment, hours, and output figures for the book publishing industry.
Historical Context
Policymakers and analysts use this metric to assess the competitiveness and underlying conditions within the book publishing sector.
Key Facts
- Unit labor costs have risen 17% since 2010.
- Book publishing employs over 150,000 workers in the U.S.
- Labor productivity in the industry has grown 8% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the cost of labor required to produce one unit of output in the book publishing industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of industry productivity, competitiveness, and employment dynamics, making this data vital for policymakers and economists monitoring the book publishing sector.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics calculates this metric using employment, hours, and output data for the book publishing industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the underlying conditions and competitiveness of the book publishing industry in the United States.
Q: Are there update delays or limitations?
A: This data is published quarterly by the Federal Reserve with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, Unit Labor Costs for Information: Book Publishers (NAICS 51113) in the United States (IPUJN51113U100000000), retrieved from FRED.