Sentences with phrase «labor compensation growth»
In addition, unit labor costs have declined sharply over the past year due to the combination of unusually rapid productivity growth and slowing labor compensation growth (Chart 28).
https://www.newyorkfed.org/ Not exact matches
On the wage side, though there's always variance, most wage and compensation series have been stuck at around 2 % year - over-year growth (nominal) with some, but not much, evidence of acceleration in response to the tightening labor market.
The variable you want to look to evaluate that possibility is the growth in unit labor costs, which tells you how fast compensation is growing relative to productivity.
The most significant cause of this disconnect is the widening of profit margins of recent years, which is closely related to the sluggish growth of labor compensation.
I'm not just talking about more unemployment, but about less compensation growth for labor in total.
Compiled human resource reports of labor statistics, market analysis and competitive growth and salary information to ensure competitive support and compensation of employees.