United States Nonfarm Unit Labour Cost  Forecast 2016-2020

Labour Costs in the United States is expected to be 110.22 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in the United States to stand at 111.14 in 12 months time. In the long-term, the United States Nonfarm Unit Labour Cost is projected to trend around 114.25 Index Points in 2020, according to our econometric models.

United States Nonfarm Unit Labour Cost
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Calendar GMT Forecasts Consensus
2017-09-07 12:30 PM Q2/2017 7 110.17 Index Points Add Your Forecast
2017-11-02 12:30 PM Q3/2017 8 108.71 Index Points Add Your Forecast





United States Labour Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 4.3 4.4 4.5 4.5 4.6 6
Non Farm Payrolls 209 165 160 190 170 170
Nonfarm Payrolls Private 205 192 190 190 190 190
Government Payrolls 4 11.03 13 11.04 11.12 11
Manufacturing Payrolls 16 8.81 10 9.57 11.62 -2
Initial Jobless Claims 232 237 237 237 237 237
Continuing Jobless Claims 1953 1988 1998 2001 2002 2003
ADP Employment Change 178 186 164 191 191 150
Employed Persons 153513 153767 154157 154498 154801 154000
Unemployed Persons 6981 6876 6787 6716 6661 6492
Average Hourly Earnings 0.3 0.16 0.2 0.16 0.18 0.17
Average Weekly Hours 34.5 34.5 34.52 34.53 34.53 34.54
Labor Force Participation Rate 62.9 62.9 62.89 62.88 62.88 62.88
Long Term Unemployment Rate 1.11 1.18 1.07 1.05 1.05 0.79
Youth Unemployment Rate 9 8.69 8.51 8.34 8.22 7.79
Labour Costs 109 110 111 111 111 114
Productivity 108 108 108 108 109 111
Job Vacancies 6138 5613 5671 5710 5731 5767
Job Offers 6163 6168 6203 6248 6291 6465
Challenger Job Cuts 28307 29281 28253 28373 28118 63500
Wages 22.1 22.45 22.72 22.79 22.87 26.5
Wages in Manufacturing 20.96 21.36 21.61 21.72 21.79 25.61
Wage Growth 2.95 3.05 3.04 3.04 3.04 3.04
Minimum Wages 7.25 7.25 7.25 7.5 7.5 7.75
Employment Cost Index 0.5 0.56 0.63 0.57 0.59 0.59
Labor Market Conditions Index 1.5 2.7 2 1.7 1.9 0.5
Population 324 326 326 328 328 332
Retirement Age Women 66 66 66 66 66 66
Retirement Age Men 66 66 66 66 66 66
Living Wage Family 1496 1490 1488 1487 1486 1482
Living Wage Individual 1408 1373 1369 1366 1365 1362
Part Time Employment 27535 27470 27450 27451 27451 27451
Full Time Employment 125921 126131 126384 126600 126779 127509
Employment Rate 60.2 60.23 60.3 60.35 60.39 60.51
Wages Low Skilled 1780 1827 1827 1827 1827 1827
Wages High Skilled 4130 3950 3968 4006 4053 3973