Unit labor costs in the US nonfarm business sector fell an annualized 0.9 percent in the first quarter of 2019, following an upwardly revised 2.5 percent rise in the previous period and well below market expectations of a 1.5 percent gain, a preliminary estimate showed. Hourly compensation went up 2.6 percent and labor productivity advanced 3.6 percent. Year-on-year, unit labor costs rose 0.1 percent, the lowest since the last quarter of 2013. Labour Costs in the United States averaged 60.01 Index Points from 1950 until 2019, reaching an all time high of 109.94 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
2018-11-01 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 -0.9% 2.5% 1.5% 2.1%
2019-06-06 12:30 PM Unit Labour Costs QoQ Final 2.5% -0.9% -0.9%
2019-08-15 12:30 PM Unit Labour Costs QoQ Prel 113.1%
2019-09-05 12:30 PM Unit Labour Costs QoQ Final 113.1%


United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.60 3.80 10.80 2.50 percent [+]
Non Farm Payrolls 263.00 189.00 1118.00 -1959.00 Thousand [+]
Nonfarm Payrolls Private 236.00 179.00 1092.00 -811.00 Thousand [+]
Government Payrolls 27.00 10.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 4.00 0.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 212.00 228.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1660.00 1688.00 6635.00 988.00 Thousand [+]
ADP Employment Change 275.00 151.00 360.00 -706.00 Thousand [+]
Employed Persons 156645.00 156748.00 156949.00 57635.00 Thousand [+]
Unemployed Persons 5824.00 6211.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.20 0.20 0.60 -0.20 percent [+]
Average Weekly Hours 34.40 34.50 34.60 33.70 Hours [+]
Labor Force Participation Rate 62.80 63.00 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.80 0.78 4.40 0.08 percent [+]
Youth Unemployment Rate 8.30 8.80 19.50 7.80 percent [+]
Labour Costs 109.69 109.94 109.94 17.00 Index Points [+]
Productivity 106.99 106.06 106.99 26.02 Index Points [+]
Job Vacancies 7343.00 6708.00 7484.00 2132.00 Thousand [+]
Job Offers 7488.00 7142.00 7626.00 2264.00 Thousand [+]
Challenger Job Cuts 40023.00 60587.00 248475.00 15100.00 Persons [+]
Wages 23.31 23.24 23.31 2.50 USD/Hour [+]
Wage Growth 4.19 4.22 13.78 -5.88 percent [+]
Wages in Manufacturing 22.04 21.96 22.04 1.27 USD/Hour [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.70 0.70 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 60.60 60.60 64.70 55.00 percent [+]
Full Time Employment 129778.00 129969.00 130159.00 64640.00 Thousand [+]
Part Time Employment 26915.00 26938.00 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
109.69 109.94 109.94 17.00 1950 - 2019 Index Points Quarterly
2012=100, SA




Country Last Previous
Australia 103.60 Dec/18
Brazil 113.52 Mar/19
Canada 107.34 Dec/18
China 104.30 Mar/19
Euro Area 116.60 Dec/18
France 108.50 Dec/18
Germany 115.62 Dec/18
Italy 108.70 Dec/18
Mexico 85.70 Feb/19
Netherlands 108.30 Dec/18
Singapore 117.00 Dec/18
South Africa 154.00 Sep/18
South Korea 103.10 Dec/18
Spain 106.00 Dec/18
Turkey 162.85 Dec/18
United Kingdom 105.60 Dec/18
United States 109.69 Mar/19


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