United States Nonfarm Unit Labour Cost  1950-2017 | Data | Chart

Unit labor costs in the US nonfarm business sector rose 0.6 percent in the second quarter of 2017, following an upwardly revised 5.4 percent gain in the previous period and missing market expectations of 1.2 percent, the preliminary figure showed. The reading reflects a 1.6 percent increase in hourly compensation and a 0.9 percent growth in productivity. Unit labor costs decreased 0.2 percent over the last four quarters. Labour Costs in the United States averaged 59.57 Index Points from 1950 until 2017, reaching an all time high of 109 Index Points in the second quarter of 2016 and a record low of 17.12 Index Points in the first quarter of 1950.

United States Nonfarm Unit Labour Cost
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-05-04 12:30 PM Q1 3% 1.3% 2.5% 2.1%
2017-06-05 12:30 PM Q1 2.2% -4.6% 2.5% 3%
2017-08-09 12:30 PM Q2 0.6% 5.4% 1.2% 1.5%
2017-09-07 12:30 PM Q2 5.4% 0.6% 0.6%
2017-11-02 12:30 PM Q3
2017-12-06 01:30 PM Q3


United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.30 4.40 10.80 2.50 percent [+]
Non Farm Payrolls 209.00 231.00 1115.00 -834.00 Thousand [+]
Nonfarm Payrolls Private 205.00 187.00 1089.00 -816.00 Thousand [+]
Government Payrolls 4.00 37.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 16.00 12.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 244.00 241.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1951.00 1967.00 6635.00 988.00 Thousand [+]
ADP Employment Change 178.00 191.00 384.00 -846.00 Thousand [+]
Employed Persons 153513.00 153168.00 153513.00 57635.00 Thousand [+]
Unemployed Persons 6981.00 6977.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.30 0.20 0.60 -0.20 percent [+]
Average Weekly Hours 34.50 34.50 34.60 33.70 Hours [+]
Labor Force Participation Rate 62.90 62.80 67.30 58.10 percent [+]
Long Term Unemployment Rate 1.11 1.04 2.80 1.01 percent [+]
Youth Unemployment Rate 9.00 9.10 19.50 7.80 percent [+]
Labour Costs 108.79 108.62 109.00 17.12 Index Points [+]
Productivity 107.90 107.70 107.90 27.60 Index Points [+]
Job Vacancies 5665.00 6371.00 6371.00 2132.00 Thousand [+]
Job Offers 6163.00 5702.00 6163.00 2196.00 Thousands [+]
Challenger Job Cuts 28307.00 31105.00 248475.00 15100.00 Persons [+]
Wages 22.10 22.04 22.10 2.50 USD/Hour [+]
Wages in Manufacturing 20.96 20.77 20.96 1.27 USD/Hour [+]
Wage Growth 2.95 3.49 13.77 -5.77 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.50 0.80 1.60 0.20 percent [+]
Labor Market Conditions Index 1.50 3.30 32.00 -48.40 Index Points [+]
Population 324.30 322.06 324.30 76.09 Million [+]
Retirement Age Women 66.00 66.00 66.00 66.00 [+]
Retirement Age Men 66.00 66.00 66.00 66.00 [+]
Living Wage Family 1496.20 1497.50 1497.50 1433.00 USD/Month [+]
Living Wage Individual 1407.76 1399.20 1407.76 1302.75 USD/Month [+]
Part Time Employment 27535.00 27142.00 28134.00 10086.00 Thousand [+]
Full Time Employment 125921.00 125975.00 125987.00 64640.00 Thousand [+]
Employment Rate 60.20 60.10 64.70 55.00 percent [+]
Wages Low Skilled 1780.00 1810.00 1860.00 1450.00 USD/Month [+]
Wages High Skilled 4130.00 4150.00 4150.00 4000.00 USD/Month [+]


United States Nonfarm Unit Labour Cost Notes

Labour 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. This page provides the latest reported value for - United States Labour Costs - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Nonfarm Unit Labour Cost - actual data, historical chart and calendar of releases - was last updated on August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
108.79 108.62 109.00 17.12 1950 - 2017 Index Points Quarterly
Seasonally Adjusted



labour costs by Country

Last
Australia 99.30 Mar/17
Brazil 121.68 Jun/17
Canada 115.48 Mar/17
China 103.50 Jun/17
Euro Area 100.40 Mar/17
France 106.80 Mar/17
Germany 111.34 Mar/17
Italy 106.76 Mar/17
Mexico 77.80 May/17
Netherlands 99.40 Mar/17
South Korea 148.10 Mar/17
Spain 97.70 Mar/17
Turkey 224.57 Mar/17
United Kingdom 102.90 Mar/17
United States 108.79 Jun/17