Monetary Policy Report submitted to the Congress on July 18, 2007, pursuant to section 2B of the Federal Reserve Act
| Period | Change in unit labor costs |
|---|---|
| 1996-2000 | 2.25 |
| 2001 | 0.40 |
| 2002 | 0.20 |
| 2003 | 0.50 |
| 2004 | 1.80 |
| 2005 | 1.50 |
| 2006 | 4.00 |
| 2007:Q1 | 1.80 |
|
Note: Nonfarm business sector. The change for 1996 to 2000 is measured from 1995:Q4 to 2000:Q4. Source: Department of Labor, Bureau of Labor Statistics. |