Labour Costs in the United States increased to 123.78 points in the first quarter of 2026 from 123.22 points in the fourth quarter of 2025. Labour Costs in the United States averaged 59.85 points from 1947 until 2026, reaching an all time high of 123.78 points in the first quarter of 2026 and a record low of 14.98 points in the second quarter of 1947. source: U.S. Bureau of Labor Statistics

Labour Costs in the United States is expected to be 123.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Nonfarm Unit Labor Costs is projected to trend around 124.30 points in 2027 and 124.50 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Average Hourly Earnings MoM 0.30 0.20 percent May 2026
Average Weekly Hours 34.30 34.30 Hours May 2026
Continuing Jobless Claims 1810.00 1786.00 Thousand Jun 2026
Employed Persons 162771.00 162622.00 Thousand May 2026
Employment Cost Index 0.90 0.70 percent Mar 2026
Employment Rate 59.20 59.10 percent May 2026
Full Time Employment 134173.00 134252.00 Thousand May 2026
Government Payrolls 52.00 2.00 Thousand May 2026
Initial Jobless Claims 226.00 230.00 Thousand Jun 2026
JOLTs Job Openings 7618.00 6887.00 Thousand Apr 2026
Job Openings 8176.00 6677.00 Thousand Apr 2026
Jobless Claims 4-week Average 223.25 219.25 Thousand Jun 2026
Participation Rate 61.80 61.80 percent May 2026
Labour Costs 123.78 123.22 points Mar 2026
Long Term Unemployment Rate 1.17 1.08 percent May 2026
Manufacturing Payrolls 7.00 0.00 Thousand May 2026
Non Farm Payrolls 172.00 179.00 Thousand May 2026
Nonfarm Payrolls Private 120.00 177.00 Thousand May 2026
Part Time Employment 28679.00 28413.00 Thousand May 2026
Productivity 119.40 119.35 points Mar 2026
Unemployed Persons 7307.00 7373.00 Thousand May 2026
Unemployment Rate 4.30 4.30 percent May 2026
Wages 32.31 32.23 USD/Hour May 2026
Wages in Manufacturing 30.19 30.10 USD/Hour May 2026
Youth Unemployment Rate 9.40 9.50 percent May 2026


United States Nonfarm Unit Labor Costs
Labor Costs refers to the relationship between compensation per hour and labor productivity, or real output per hour, and can be used as an indicator of inflationary pressure on producers.
Actual Previous Highest Lowest Dates Unit Frequency
123.78 123.22 123.78 14.98 1947 - 2026 points Quarterly
2017=100, SA