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

Unit labor costs in the US nonfarm business sector rose 0.2 percent in the second quarter of 2017, compared with a preliminary estimate of 0.6 percent and below market expectations of 0.3 percent, final figures showed. The reading reflects a 1.8 percent increase in hourly compensation and a 1.5 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 109.07 Index Points in the third 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 TEForecast
2017-06-05 12:30 PM Unit Labour Costs QoQ Final 2.2% -4.6% 2.5% 3%
2017-08-09 12:30 PM Unit Labour Costs QoQ Prel 0.6% 5.4% 1.2% 1.5%
2017-09-07 12:30 PM Unit Labour Costs QoQ Final 0.2% 4.8% 0.3% 0.6%
2017-11-02 12:30 PM Unit Labour Costs QoQ Prel 0.2%
2017-12-06 01:30 PM Unit Labour Costs QoQ Final 0.2%


United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.20 4.40 10.80 2.50 percent [+]
Non Farm Payrolls -33.00 169.00 1115.00 -834.00 Thousand [+]
Nonfarm Payrolls Private -40.00 164.00 1089.00 -816.00 Thousand [+]
Government Payrolls 7.00 5.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls -1.00 41.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 222.00 244.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1888.00 1904.00 6635.00 988.00 Thousand [+]
ADP Employment Change 135.00 228.00 384.00 -846.00 Thousand [+]
Employed Persons 154345.00 153439.00 154345.00 57635.00 Thousand [+]
Unemployed Persons 6801.00 7132.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.50 0.20 0.60 -0.20 percent [+]
Average Weekly Hours 34.40 34.40 34.60 33.70 Hours [+]
Labor Force Participation Rate 63.10 62.90 67.30 58.10 percent [+]
Long Term Unemployment Rate 1.08 1.08 2.80 1.01 percent [+]
Youth Unemployment Rate 9.10 8.90 19.50 7.80 percent [+]
Labour Costs 108.81 108.75 109.07 17.12 Index Points [+]
Productivity 108.08 107.66 108.08 27.60 Index Points [+]
Job Vacancies 6200.00 6502.00 6502.00 2132.00 Thousand [+]
Job Offers 6082.00 6140.00 6140.00 2196.00 Thousand [+]
Challenger Job Cuts 32346.00 33825.00 248475.00 15100.00 Persons [+]
Wages 22.23 22.14 22.23 2.50 USD/Hour [+]
Wages in Manufacturing 20.96 20.85 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 27650.00 27569.00 28134.00 10086.00 Thousand [+]
Full Time Employment 126690.00 125755.00 126690.00 64640.00 Thousand [+]
Employment Rate 60.40 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

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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
108.81 108.75 109.07 17.12 1950 - 2017 Index Points Quarterly
Seasonally Adjusted




labour costs by Country

Last
Australia 99.80 Jun/17
Brazil 129.29 Aug/17
Canada 114.65 Jun/17
China 104.00 Sep/17
Euro Area 111.10 Jun/17
France 107.30 Jun/17
Germany 111.97 Jun/17
Italy 106.70 Jun/17
Mexico 81.30 Aug/17
Netherlands 115.10 Jun/17
South Korea 148.10 Mar/17
Spain 101.70 Jun/17
Turkey 232.11 Jun/17
United Kingdom 104.90 Jun/17
United States 108.81 Jun/17