Labor Cost Index Continues to Shoot Up

Unit labor costs grew 1.6 percent during the first quarter of 2006, following a 0.6-percent decline in the fourth quarter of 2005, as revised. The implicit price deflator for nonfarm business output rose by 2.9 percent in the first quarter of 2006.

This is great time to be looking for employment. This rise in unit labor cost is a lagged effect reflecting great employment conditions. Remember, when you find a job in a new city, don't forget to list your old house on HouseJockey.com =)

-Unit Labor Costs were released today from the census.gov