Nonfinancial Corporations Sector: Unit Nonlabor Costs for Employees
PRS88003121 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.80
Year-over-Year Change
-87.59%
Date Range
1/1/1948 - 1/1/2025
Summary
The Nonfinancial Corporations Sector: Unit Nonlabor Costs for Employees trend measures the cost of non-wage inputs per unit of output in the U.S. nonfinancial corporate sector, providing insights into productivity and inflationary pressures.
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 metric tracks the costs associated with materials, capital, and other non-labor inputs required to produce a unit of output, complementing labor cost measures. It is a key indicator used by economists and policymakers to assess corporate profitability, inflationary risks, and the broader health of the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on detailed industry-level input and output measures.
Historical Context
Policymakers and analysts monitor this metric to understand the underlying drivers of inflation and the productivity performance of the corporate sector.
Key Facts
- Unit nonlabor costs have grown at an average annual rate of 1.5% over the past 10 years.
- High unit nonlabor costs can put upward pressure on consumer prices and reduce corporate profit margins.
- The metric provides insights into the capital-intensity and technological progress of the nonfinancial corporate sector.
FAQs
Q: What does this economic trend measure?
A: The Nonfinancial Corporations Sector: Unit Nonlabor Costs for Employees trend measures the cost of non-wage inputs, such as materials and capital, per unit of output in the U.S. nonfinancial corporate sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator used by economists and policymakers to assess corporate profitability, inflationary risks, and the broader productivity performance of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on detailed industry-level input and output measures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to understand the underlying drivers of inflation and the productivity performance of the corporate sector, which informs their decisions on interest rates and other policy tools.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Labor Statistics, with a typical release lag of 2-3 months.
Similar PRS Trends
Nonfinancial Corporations Sector: Output per Worker for Employees
PRS88003161
Nonfinancial Corporations Sector: Labor Compensation for Employees
PRS88003061
Nonfinancial Corporations Sector: Unit Profits for Employees
PRS88003193
Nonfinancial Corporations Sector: Unit Combined Input Costs for Employees
PRS88003203
Nonfinancial Corporations Sector: Average Weekly Hours for Employees
PRS88003023
Nonfinancial Corporations Sector: Unit Nonlabor Payments for Employees
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Citation
U.S. Federal Reserve, Nonfinancial Corporations Sector: Unit Nonlabor Costs for Employees (PRS88003121), retrieved from FRED.