Unit labor costs in the US nonfarm business sector went up an annualized 2 percent on quarter in the last three months of 2018, following an upwardly revised 1.6 percent rise in the previous period. It compares with market expectations of a 1.6 percent increase. It mainly reflects a 3.9 percent rise in hourly compensation and a 1.9 percent gain in labor productivity. Year-on-year, unit labor costs went up 1 percent, slightly lower than a 1.1 percent rise in the previous period. Considering full 2018, unit labor costs in the nonfarm business sector increased 1.4 percent, below 2.2 percent in 2017 and the lowest gain since 2016. It mainly reflects increases of 2.7 percent in hourly compensation and 1.3 percent in productivity. Labour Costs in the United States averaged 59.83 Index Points from 1950 until 2018, reaching an all time high of 109.78 Index Points in the fourth 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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Calendar GMT Actual Previous Consensus TEForecast
2018-09-06 12:30 PM Unit Labour Costs QoQ Final -1% 3.4% -0.9% -0.9%
2018-11-01 12:30 PM Unit Labour Costs QoQ Prel 1.2% -1% 1% 0.9%
2018-12-06 01:30 PM Unit Labour Costs QoQ Final 0.9% -2.8% 1.1% 1.2%
2019-03-07 01:30 PM Unit Labour Costs QoQ 2% 1.6% 1.6% 1.3%
2019-05-02 12:30 PM Unit Labour Costs QoQ Prel 2%
2019-06-06 12:30 PM Unit Labour Costs QoQ Final
2019-08-15 12:30 PM Unit Labour Costs QoQ Prel


United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 4.00 10.80 2.50 percent [+]
Non Farm Payrolls 20.00 311.00 1118.00 -1959.00 Thousand [+]
Nonfarm Payrolls Private 25.00 308.00 1092.00 -811.00 Thousand [+]
Government Payrolls -5.00 3.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 4.00 21.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 229.00 223.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1776.00 1758.00 6635.00 988.00 Thousand [+]
ADP Employment Change 183.00 300.00 360.00 -706.00 Thousand [+]
Employed Persons 156949.00 156694.00 156949.00 57635.00 Thousand [+]
Unemployed Persons 6235.00 6535.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.40 0.10 0.60 -0.20 percent [+]
Average Weekly Hours 34.40 34.50 34.60 33.70 Hours [+]
Labor Force Participation Rate 63.20 63.20 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.78 0.77 4.40 0.08 percent [+]
Youth Unemployment Rate 8.90 9.10 19.50 7.80 percent [+]
Labour Costs 109.78 109.25 109.78 17.00 Index Points [+]
Productivity 106.10 105.61 106.10 26.03 Index Points [+]
Job Vacancies 7484.00 6890.00 7484.00 2132.00 Thousand [+]
Job Offers 7581.00 7479.00 7626.00 2264.00 Thousand [+]
Challenger Job Cuts 76835.00 52988.00 248475.00 15100.00 Persons [+]
Wages 23.18 23.10 23.18 2.50 USD/Hour [+]
Wage Growth 4.16 4.52 13.78 -5.88 percent [+]
Wages in Manufacturing 21.89 21.86 21.91 1.27 USD/Hour [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.70 0.80 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 60.70 60.70 64.70 55.00 percent [+]
Full Time Employment 130159.00 129837.00 130159.00 64640.00 Thousand [+]
Part Time Employment 26878.00 26752.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
109.78 109.25 109.78 17.00 1950 - 2018 Index Points Quarterly
2012=100, SA




Country Last Previous
Australia 103.60 Dec/18
Brazil 116.27 Jan/19
Canada 107.34 Dec/18
China 104.80 Dec/18
Euro Area 116.60 Dec/18
France 108.50 Dec/18
Germany 115.62 Dec/18
Italy 108.70 Dec/18
Mexico 112.30 Dec/18
Netherlands 101.50 Sep/18
Singapore 117.00 Dec/18
South Africa 150.90 Jun/18
South Korea 109.40 Sep/18
Spain 98.40 Sep/18
Turkey 162.85 Dec/18
United Kingdom 104.80 Sep/18
United States 109.78 Dec/18


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