Federal Reserve Economic Data

FRED Economic Data, St. Louis FED

Unit Labor Costs for Mining: Oil and Gas Extraction (NAICS 2111) in the United States (IPUBN2111U101000000)

Observation:

2023: -1.6 (+ more)   Updated: Dec 2, 2024 2:17 PM CST
2023:  -1.6  
2022:  5.7  
2021:  -14.5  
2020:  -2.6  
2019:  -4.9  
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Units:

Percent Change from Year Ago,
Not Seasonally Adjusted

Frequency:

Annual

NOTES

Source: U.S. Bureau of Labor Statistics  

Release: Industry Productivity  

Units:  Percent Change from Year Ago, Not Seasonally Adjusted

Frequency:  Annual

Notes:

Unit labor costs represent the cost of labor required to produce one unit of output. The unit labor cost indexes are computed by dividing an index of nominal industry labor compensation by an index of real industry output.

Suggested Citation:

U.S. Bureau of Labor Statistics, Unit Labor Costs for Mining: Oil and Gas Extraction (NAICS 2111) in the United States [IPUBN2111U101000000], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/IPUBN2111U101000000, .

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Index 2017=100, Annual, Not Seasonally Adjusted

Related Categories

Mining Productivity & Costs Population, Employment, & Labor Markets

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More Series from Industry Productivity

Tags

Extraction Unit Labor Cost Industry Productivity Oil North American Industry Classification System Mining Gas Bureau of Labor Statistics Annual Nation Public Domain: Citation Requested Not Seasonally Adjusted United States of America

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