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CHART 3.6
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Average annual growth rates for manufacturing unit labor costs, 1995-2005
in U.S. dollars
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- Unit labor costs (ULC) are a component of total production costs and product prices. Declines in ULC indicate that a country is becoming more cost-competitive.
- ULC declined in over half of the economies shown, including the United States.
Text only
SOURCE: Bureau of Labor Statistics.
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