Maxim Linchits wrote: > thanks sandwichman. i was under the impression that ULC=Labor Costs/(Price > of Unit of Output x Quantity), guess that's not the way ULC is defined by > bls.
unit labor costs = total labor costs (including benefits & payroll taxes)/quantity = (labor cost per worker)/(output per worker) (or per hour or whatever) -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list pen-l@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/pen-l
