Total Manufacturing Rates
Direct overhead rates are consistent with the prior release. Indirect overhead rates changes are correlate to the labor rate changes because many indirect overhead support staff wage data is the same as the labor wage data. The change in total manufacturing rates (labor rate + direct overhead rate + indirect overhead rate) generally aligns with the changes to labor rates. However, due to the relatively unchanged direct overhead rates, the magnitude of the manufacturing rate change is slightly smaller than the labor rate changes. The chart shows the relative manufacturing rate changes from 2019-08 to 2019-10.
This chart represents the average total manufacturing rate for each region in the Regional Data Libraries 2019-10 release.