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The index characterizes costs associated with the manufacturing of a production unit. It is an important indicator of the efficiency of the economy. It is a good indicator of inflationary pressures associated with increasing wages. Typically, the analysis of this index is carried out in the context of the figures reflecting the value of Productivity.
It has a significant impact on the market. The growth of the Unit Labor Cost together with rising Productivity can lead to the need to raise key interest rates, which is a positive factor for growth of the dollar.
- Release Frequency: quarterly.
- Release Schedule: 08:30 EST, 10th of the month along with Productivity.
- Source: Bureau of Labor Statistics, U.S. Department of Labor.