Labor Cost Per Unit Of Output Equals The Total Manufacturing Payroll (The Component Of National Income) Divided By Manufacturing Production. Source: For 1946-1947, Index Of Wholesale Prices Of Manufactured Goods, Total Employee Compensation In Manufacturing (Unpublished Data In Bc Files), Index Of Production Manufacturing (; For 1948-1966, "Business Cycle Developments, " February 1967 And Subsequent Issues.
This NBER data series m09104 appears on the NBER website in Chapter 9 at http://www.nber.org/databases/macrohistory/contents/chapter09.html.
NBER Indicator: m09104
Release: NBER Macrohistory Database
National Bureau of Economic Research, Index of Ratio: Wholesale Prices of Manufactured Goods To Total Labor Cost Per Unit of Output for United States [M09104USM350NNBR], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/M09104USM350NNBR/, August 1, 2015.