Josh 2
Labor costs are still dampening, not amplifying, inflation: Prices and labor costs during 1970s and from 2020Q4–2022Q1
| Prices | Unit Labor Costs | |
|---|---|---|
| 1970s | 7.0% | 7.4% |
| 2020Q4–2022Q1 | 8.5% | 5.6% |
Source: Data from Table 1.15 from the National Income and Product Accounts (NIPA) program of the Bureau of Economic Analysis (BEA).
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