United States Nonfarm Unit Labour Cost  1950-2018 | Data | Chart

Unit labor costs in the US nonfarm business sector declined an annualized 0.2 percent on quarter in the third quarter of 2017, compared to a preliminary estimate of a 0.5 percent rise. A 3 percent increase in productivity was greater than a 2.7 percent rise in hourly compensation. Year-on-year, unit labor costs fell 0.7 percent. Figures for the second quarter were also revised to show labour costs decreased 1.2 percent, compared to earlier estimates of a 0.3 percent increase. It is the first time in three years labour costs fall for two straight quarters. Labour Costs in the United States averaged 59.75 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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United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.10 4.10 10.80 2.50 percent [+]
Non Farm Payrolls 148.00 252.00 1115.00 -834.00 Thousand [+]
Nonfarm Payrolls Private 146.00 239.00 1089.00 -816.00 Thousand [+]
Government Payrolls 2.00 13.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 25.00 31.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 261.00 250.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1867.00 1902.00 6635.00 988.00 Thousand [+]
ADP Employment Change 250.00 185.00 384.00 -846.00 Thousand [+]
Employed Persons 154021.00 153918.00 154345.00 57635.00 Thousand [+]
Unemployed Persons 6576.00 6610.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.30 0.10 0.60 -0.20 percent [+]
Average Weekly Hours 34.50 34.50 34.60 33.70 Hours [+]
Labor Force Participation Rate 62.70 62.70 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.94 0.99 2.80 0.94 percent [+]
Youth Unemployment Rate 8.90 9.60 19.50 7.80 percent [+]
Labour Costs 108.36 108.42 109.07 17.12 Index Points [+]
Productivity 108.87 108.07 108.87 27.60 Index Points [+]
Job Vacancies 5661.00 6263.00 6502.00 2132.00 Thousand [+]
Job Offers 5879.00 5925.00 6177.00 2196.00 Thousand [+]
Challenger Job Cuts 32423.00 35038.00 248475.00 15100.00 Persons [+]
Wages 22.30 22.23 22.30 2.50 USD/Hour [+]
Wages in Manufacturing 21.20 21.10 21.20 1.27 USD/Hour [+]
Wage Growth 3.22 2.75 13.77 -5.77 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.70 0.50 1.60 0.20 percent [+]
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 [+]
Employment Rate 60.10 60.10 64.70 55.00 percent [+]
Living Wage Family 2240.00 2150.00 2240.00 2120.00 USD/Month [+]
Living Wage Individual 1540.00 1460.00 1540.00 1420.00 USD/Month [+]
Part Time Employment 27257.00 27110.00 28134.00 10086.00 Thousand [+]
Full Time Employment 126723.00 126827.00 126827.00 64640.00 Thousand [+]
Wages Low Skilled 2090.00 1830.00 2100.00 1650.00 USD/Month [+]
Wages High Skilled 4290.00 4120.00 4320.00 3640.00 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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
108.36 108.42 109.07 17.12 1950 - 2017 Index Points Quarterly
Seasonally Adjusted




labour costs by Country
Country Last
Australia 100.50 Sep/17
Brazil 121.89 Nov/17
Canada 114.90 Sep/17
China 104.00 Sep/17
Euro Area 104.20 Sep/17
France 107.40 Sep/17
Germany 112.39 Sep/17
Italy 106.70 Sep/17
Mexico 78.50 Oct/17
Netherlands 98.50 Sep/17
South Korea 129.60 Jun/17
Spain 101.70 Jun/17
Turkey 240.32 Sep/17
United Kingdom 104.90 Sep/17
United States 108.36 Sep/17


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