Unit labor costs in the US nonfarm business sector rose an annualized 2.6 percent in the second quarter of 2019, higher than a preliminary 2.4 percent and after an upwardly revised 5.7 percent gain in the prior period. It compares with market forecasts of a 2.5 percent increase. Hourly compensation advanced 4.9 percent (from an initial 4.8 percent) and labor productivity went up 2.3 percent. Year-on-year, unit labor costs increased 2.6 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
2019-05-02 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%
2019-09-05 12:30 PM Unit Labour Costs QoQ Final Q2 2.6% 5.7% 2.5% 2.4%


United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.50 3.70 10.80 2.50 percent [+]
Non Farm Payrolls 136.00 168.00 1118.00 -1959.00 Thousand [+]
Nonfarm Payrolls Private 114.00 122.00 1092.00 -1766.00 Thousand [+]
Government Payrolls 22.00 34.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls -2.00 2.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 214.00 210.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1679.00 1689.00 6635.00 988.00 Thousand [+]
ADP Employment Change 135.00 157.00 360.00 -706.00 Thousand [+]
Employed Persons 158269.00 157878.00 158269.00 57635.00 Thousand [+]
Unemployed Persons 5769.00 6044.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.00 0.40 0.60 -0.20 percent [+]
Average Weekly Hours 34.40 34.40 34.60 33.70 Hours [+]
Labor Force Participation Rate 63.20 63.20 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.71 0.87 4.40 0.08 percent [+]
Youth Unemployment Rate 8.00 8.60 19.50 7.80 percent [+]
Labour Costs 111.98 111.28 111.98 17.00 Index Points [+]
Productivity 107.54 106.93 107.54 25.99 Index Points [+]
Job Vacancies 7034.00 7471.00 7884.00 2157.00 Thousand [+]
Job Offers 7051.00 7174.00 7626.00 2264.00 Thousand [+]
Challenger Job Cuts 41557.00 53480.00 248475.00 15100.00 Persons [+]
Wages 23.65 23.59 23.65 2.50 USD/Hour [+]
Wages in Manufacturing 22.25 22.19 22.25 1.27 USD/Hour [+]
Wage Growth 5.34 5.25 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 61.00 60.90 64.70 55.00 percent [+]
Full Time Employment 131094.00 130789.00 131094.00 64640.00 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 [+]
Part Time Employment 27095.00 26974.00 28134.00 10086.00 Thousand [+]
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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
111.98 111.28 111.98 17.00 1950 - 2019 Index Points Quarterly
2012=100, SA




Country Last Previous
Australia 105.10 Jun/19
Brazil 104.13 Aug/19
Canada 108.85 Jun/19
China 104.20 Sep/19
Euro Area 110.50 Jun/19
France 107.60 Jun/19
Germany 108.22 Jun/19
Italy 111.90 Jun/19
Mexico 93.30 Aug/19
Netherlands 118.70 Jun/19
Singapore 99.50 Jun/19
South Africa 157.00 Mar/19
South Korea 129.90 Mar/19
Spain 104.80 Jun/19
Turkey 200.63 Jun/19
United Kingdom 105.50 Mar/19
United States 111.98 Jun/19


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