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unit labor costs
Unit labor costs show the growth in compensation relative to that of real output. These costs are calculated by dividing total labor compensation by real output. Changes in unit labor costs can be approximated by subtracting the change in productivity from the change in hourly compensation.
- Kalbos dalis: noun
- Pramonės šaka / sritis: Labor
- Category: Labor statistics
- Company: U.S. DOL
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- Levi Taylor
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