Unit labor costs in the US nonfarm business sector rose an annualized 2.4 percent in the second quarter of 2019, compared to a revised 5.5 percent increase in the previous three-month period and market expectations of 1.7 percent, a preliminary estimate showed. Hourly compensation rose 4.8 percent (vs 9.2 percent in Q1) and productivity went up 2.3 percent (vs 3.5 percent in Q1). Year-on-year, unit labor costs advanced 2.5 percent. Labour Costs in the United States averaged 60.19 Index Points from 1950 until 2019, reaching an all time high of 111.89 Index Points in the second quarter of 2019 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
2019-03-07 01:30 PM Unit Labour Costs QoQ Q4 2% 1.6% 1.6% 1.3%
2019-05-02 12:30 PM Unit Labour Costs QoQ Prel Q1 -0.9% 2.5% 1.5% 2.1%
2019-06-06 12:30 PM Unit Labour Costs QoQ Final Q1 -1.6% 2.5% -0.8% -0.9%
2019-08-15 12:30 PM Unit Labour Costs QoQ Prel Q2 2.4% 5.5% 1.7% 1.7%


United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.70 10.80 2.50 percent [+]
Non Farm Payrolls 164.00 193.00 1118.00 -1959.00 Thousand [+]
Nonfarm Payrolls Private 148.00 179.00 1092.00 -1766.00 Thousand [+]
Government Payrolls 16.00 14.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 16.00 12.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 220.00 211.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1726.00 1687.00 6635.00 988.00 Thousand [+]
ADP Employment Change 156.00 112.00 360.00 -706.00 Thousand [+]
Employed Persons 157288.00 157005.00 157288.00 57635.00 Thousand [+]
Unemployed Persons 6063.00 5975.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.30 0.30 0.60 -0.20 percent [+]
Average Weekly Hours 34.30 34.40 34.60 33.70 Hours [+]
Labor Force Participation Rate 63.00 62.90 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.71 0.87 4.40 0.08 percent [+]
Youth Unemployment Rate 8.50 8.10 19.50 7.80 percent [+]
Labour Costs 111.89 111.24 111.89 17.00 Index Points [+]
Productivity 107.55 106.93 107.55 25.99 Index Points [+]
Job Vacancies 7225.00 7230.00 7884.00 2157.00 Thousand [+]
Job Offers 7348.00 7384.00 7626.00 2264.00 Thousand [+]
Challenger Job Cuts 38845.00 41977.00 248475.00 15100.00 Persons [+]
Wages 23.46 23.42 23.46 2.50 USD/Hour [+]
Wages in Manufacturing 22.13 22.08 22.13 1.27 USD/Hour [+]
Wage Growth 5.48 5.29 13.78 -5.88 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.60 0.70 2.00 0.20 percent [+]
Population 327.17 325.15 327.17 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 60.60 64.70 55.00 percent [+]
Full Time Employment 130429.00 130148.00 130429.00 64640.00 Thousand [+]
Part Time Employment 26861.00 26807.00 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 Low Skilled 1960.00 1760.00 2340.00 1760.00 USD/Month [+]
Wages High Skilled 4520.00 4330.00 4950.00 4330.00 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
111.89 111.24 111.89 17.00 1950 - 2019 Index Points Quarterly
2012=100, SA




Country Last Previous
Australia 103.80 Mar/19
Brazil 101.89 Jun/19
Canada 108.49 Mar/19
China 104.30 Jun/19
Euro Area 99.60 Mar/19
France 107.50 Mar/19
Germany 116.69 Mar/19
Italy 111.20 Mar/19
Mexico 97.70 May/19
Netherlands 105.20 Mar/19
Singapore 99.50 Jun/19
South Africa 156.20 Dec/18
South Korea 129.90 Mar/19
Spain 100.40 Mar/19
Turkey 188.85 Mar/19
United Kingdom 105.50 Mar/19
United States 111.89 Jun/19


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