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

Unit labor costs in the US nonfarm business sector increased a seasonally adjusted annualized 2.2 percent on quarter in the first three months of 2017, final figures showed. It compares with a 3 percent gain in the preliminary estimate and a downwardly revised 4.6 percent drop in the previous period. It is the highest gain in three quarters, reflecting a 2.2 percent increase in hourly compensation while productivity was unchanged. Unit labor costs increased 1.1 percent over the last four quarters. Labour Costs in the United States averaged 59.42 Index Points from 1950 until 2017, reaching an all time high of 110.75 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 Forecast (i)
2017-03-08 01:30 PM Q4 1.7% 0.7% 1.6% 1.7%
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 2.2%
2017-09-07 12:30 PM Q2 2.2%
2017-11-02 12:30 PM Q3




United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.30 4.40 10.80 2.50 percent [+]
Non Farm Payrolls 138.00 174.00 1115.00 -834.00 Thousand [+]
Nonfarm Payrolls Private 147.00 173.00 1089.00 -816.00 Thousand [+]
Government Payrolls -9.00 1.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls -1.00 11.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 241.00 238.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1944.00 1936.00 6635.00 988.00 Thousand [+]
ADP Employment Change 253.00 174.00 384.00 -846.00 Thousand [+]
Employed Persons 152923.00 153156.00 153156.00 57635.00 Thousand [+]
Unemployed Persons 6861.00 7056.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.20 0.20 0.60 -0.20 percent [+]
Average Weekly Hours 34.40 34.40 34.60 33.70 Hours [+]
Labor Force Participation Rate 62.70 62.90 67.30 58.10 percent [+]
Long Term Unemployment Rate 1.01 1.05 2.80 1.01 percent [+]
Youth Unemployment Rate 8.80 9.40 19.50 7.80 percent [+]
Labour Costs 110.04 109.45 110.75 17.12 Index Points [+]
Productivity 107.50 107.50 107.50 27.60 Index Points [+]
Job Vacancies 6371.00 5684.00 6371.00 2132.00 Thousand [+]
Job Offers 6044.00 5785.00 6044.00 2196.00 Thousands [+]
Challenger Job Cuts 51692.00 36602.00 248475.00 15100.00 Persons [+]
Wages 22.00 21.96 22.00 2.50 USD/Hour [+]
Wage Growth 3.67 4.22 13.77 -5.77 percent [+]
Wages in Manufacturing 20.78 20.76 20.78 1.27 USD/Hour [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.80 0.50 1.60 0.20 percent [+]
Labor Market Conditions Index 2.30 3.70 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 2680.00 1433.00 USD/Month [+]
Living Wage Individual 1407.76 1399.20 1407.76 1302.75 USD/Month [+]
Part Time Employment 27366.00 27233.00 28134.00 10086.00 Thousand [+]
Full Time Employment 125620.00 125987.00 125987.00 64640.00 Thousand [+]
Employment Rate 60.00 60.20 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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
110.04 109.45 110.75 17.12 1950 - 2017 Index Points Quarterly
Seasonally Adjusted



labour costs by Country

Last
Australia 99.30 Mar/17
Brazil 138.66 May/17
Canada 115.48 Mar/17
China 103.60 Mar/17
Euro Area 100.40 Mar/17
France 106.80 Mar/17
Germany 111.34 Mar/17
Italy 106.76 Mar/17
Mexico 79.80 Apr/17
Netherlands 103.90 Dec/16
South Korea 134.10 Dec/16
Spain 97.70 Mar/17
Turkey 224.57 Mar/17
United Kingdom 102.60 Dec/16
United States 110.04 Mar/17