Join / Sign In
< Back to questions :: Q&A / Services / Furniture and Home Decoration Goods

Increase in unit labor cost

Services
Furniture and Home Decoration Goods
From Brazil
To Croatia
105 views / 0 experts
Aug 26, 2020
What does an increase in unit labor cost mean?

1 answer

Andrea T.
Not rated
Aug 26, 2020

Unit labor cost measures the price of labor for a single unit of output, such as a single product. While a small business may calculate the unit labor cost specific to its business, the U.S. Bureau of Labor Statistics calculates unit labor cost on a national level. In general, an increase in unit labor cost means lower productivity.

read more
No comm.

Top Rated Experts

Ashwin Kamath
Ashwin K.
Imad Kassir
Imad K.
Stephanie Duong
Stephanie D.
This website uses cookies. By using this website, you consent to our use of these cookies