Unit labor costs in the US nonfarm business sector increased an annualized 1.2 percent in the third quarter of 2018, rebounding from a 1 percent drop in the previous period, which was the largest fall since the third quarter of 2014. It mainly reflects a 3.5 percent rise in hourly compensation and a 2.2 percent gain in labor productivity. It compares with market expectations of a smaller 1 percent increase, preliminary estimates showed. Year-on-year, unit labor costs increased 1.5 percent. Labour Costs in the United States averaged 59.65 Index Points from 1950 until 2018, reaching an all time high of 109.66 Index Points in the third quarter of 2018 and a record low of 17 Index Points in the first quarter of 1950.

United States Nonfarm Unit Labour Cost
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United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.70 10.80 2.50 percent [+]
Non Farm Payrolls 250.00 118.00 1115.00 -834.00 Thousand [+]
Nonfarm Payrolls Private 246.00 121.00 1089.00 -821.00 Thousand [+]
Government Payrolls 4.00 -3.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 32.00 18.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 216.00 214.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1676.00 1630.00 6635.00 988.00 Thousand [+]
ADP Employment Change 227.00 218.00 384.00 -836.00 Thousand [+]
Employed Persons 156562.00 155962.00 156562.00 57635.00 Thousand [+]
Unemployed Persons 6075.00 5964.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.20 0.30 0.60 -0.20 percent [+]
Average Weekly Hours 34.50 34.50 34.60 33.70 Hours [+]
Labor Force Participation Rate 62.90 62.70 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.84 0.85 2.80 0.74 percent [+]
Youth Unemployment Rate 8.30 8.50 19.50 7.80 percent [+]
Labour Costs 109.66 109.33 109.66 17.00 Index Points [+]
Productivity 105.67 105.10 105.67 26.03 Index Points [+]
Job Vacancies 7070.00 7291.00 7313.00 2132.00 Thousand [+]
Job Offers 7009.00 7293.00 7293.00 2196.00 Thousand [+]
Challenger Job Cuts 75644.00 55285.00 248475.00 15100.00 Persons [+]
Wages 22.89 22.82 22.89 2.50 USD/Hour [+]
Wage Growth 4.79 4.66 13.78 -5.88 percent [+]
Wages in Manufacturing 21.68 21.62 21.68 1.27 USD/Hour [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.80 0.60 1.60 0.20 percent [+]
Population 325.72 323.41 325.72 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 [+]
Employment Rate 60.60 60.40 64.70 55.00 percent [+]
Full Time Employment 129212.00 128894.00 129212.00 64640.00 Thousand [+]
Part Time Employment 27297.00 27055.00 28134.00 10086.00 Thousand [+]
Living Wage Family 2380.00 2270.00 2380.00 2160.00 USD/Month [+]
Living Wage Individual 1660.00 1560.00 1660.00 1450.00 USD/Month [+]
Wages High Skilled 4520.00 4330.00 4950.00 4330.00 USD/Month [+]
Wages Low Skilled 1960.00 1760.00 2340.00 1760.00 USD/Month [+]


United States Nonfarm Unit Labour Cost

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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
109.66 109.33 109.66 17.00 1950 - 2018 Index Points Quarterly
2012=100, SA




Country Last
Australia 100.60 Jun/18
Brazil 99.29 Sep/18
Canada 116.80 Jun/18
China 104.80 Sep/18
Euro Area 113.70 Jun/18
France 108.10 Jun/18
Germany 113.18 Jun/18
Italy 107.00 Jun/18
Mexico 82.30 Sep/18
Netherlands 115.30 Jun/18
Singapore 107.90 Jun/18
South Africa 150.80 Mar/18
South Korea 96.50 Jun/18
Spain 102.40 Jun/18
Turkey 153.67 Jun/18
United Kingdom 103.90 Jun/18
United States 109.66 Sep/18


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