Labour Costs in the United States increased to 123.98 points in the second quarter of 2026 from 123.62 points in the first quarter of 2026. Labour Costs in the United States averaged 60.05 points from 1947 until 2026, reaching an all time high of 123.98 points in the second 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 124.20 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 124.80 points in 2027 and 125.00 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Average Hourly Earnings MoM 0.30 0.20 percent Aug 2026
Average Weekly Hours 34.40 34.30 Hours Aug 2026
Continuing Jobless Claims 1730.00 1769.00 Thousand Sep 2026
Employed Persons 162746.00 162177.00 Thousand Aug 2026
Employment Cost Index 0.90 0.90 percent Jun 2026
Employment Rate 59.10 58.90 percent Aug 2026
Full Time Employment 134288.00 133553.00 Thousand Aug 2026
Government Payrolls 35.00 -50.00 Thousand Aug 2026
Initial Jobless Claims 196.00 206.00 Thousand Sep 2026
JOLTs Job Openings 7271.00 7182.00 Thousand Jul 2026
Job Openings 7738.00 6948.00 Thousand Jul 2026
Jobless Claims 4-week Average 203.25 206.00 Thousand Sep 2026
Participation Rate 61.60 61.40 percent Aug 2026
Labour Costs 123.98 123.62 points Jun 2026
Long Term Unemployment Rate 1.14 1.05 percent Aug 2026
Manufacturing Payrolls 16.00 14.00 Thousand Aug 2026
Non Farm Payrolls 162.00 21.00 Thousand Aug 2026
Nonfarm Payrolls Private 127.00 71.00 Thousand Aug 2026
Part Time Employment 28541.00 28764.00 Thousand Aug 2026
Productivity 120.02 119.59 points Jun 2026
Unemployed Persons 7031.00 6916.00 Thousand Aug 2026
Unemployment Rate 4.10 4.10 percent Aug 2026
Wages 32.53 32.42 USD/Hour Aug 2026
Wages in Manufacturing 30.37 30.33 USD/Hour Aug 2026
Youth Unemployment Rate 9.10 8.50 percent Aug 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
123.98 123.62 123.98 14.98 1947 - 2026 points Quarterly
2017=100, SA