Unit labor costs in the nonfarm business sector decreased an annualized 1.6 percent in the first quarter of 2019, more than an initial estimate of a 0.8 percent fall and compared with a 0.4 percent drop in the previous period. It compares with market expectations of a 0.8 percent decrease. Hourly compensation went up 1.8 percent (from initial 2.6 percent) and labor productivity advanced 3.4 percent (from initial 3.6 percent). Year-on-year, unit labor costs decreased 0.8 percent, the most since the fourth quarter of 2013. Labour Costs in the United States averaged 60 Index Points from 1950 until 2019, reaching an all time high of 109.61 Index Points in the first 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
2018-12-06 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 -1.6% 2.5% -0.8% -0.9%
2019-08-15 12:30 PM Unit Labour Costs QoQ Prel -1.6%
2019-09-05 12:30 PM Unit Labour Costs QoQ Final
2019-11-06 12:30 PM Unit Labour Costs QoQ Prel


United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.60 3.60 10.80 2.50 percent [+]
Non Farm Payrolls 75.00 224.00 1118.00 -1959.00 Thousand [+]
Nonfarm Payrolls Private 90.00 205.00 1092.00 -1766.00 Thousand [+]
Government Payrolls -15.00 19.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 3.00 5.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 222.00 219.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1695.00 1693.00 6635.00 988.00 Thousand [+]
ADP Employment Change 27.00 271.00 360.00 -706.00 Thousand [+]
Employed Persons 156758.00 156645.00 156949.00 57635.00 Thousand [+]
Unemployed Persons 5888.00 5824.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.20 0.20 0.60 -0.20 percent [+]
Average Weekly Hours 34.40 34.40 34.60 33.70 Hours [+]
Labor Force Participation Rate 62.80 62.80 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.80 0.76 4.40 0.08 percent [+]
Youth Unemployment Rate 8.50 8.30 19.50 7.80 percent [+]
Labour Costs 108.71 109.16 109.61 17.00 Index Points [+]
Productivity 106.96 106.06 106.96 26.02 Index Points [+]
Job Vacancies 7858.00 7343.00 7858.00 2132.00 Thousand [+]
Job Offers 7449.00 7474.00 7626.00 2264.00 Thousand [+]
Challenger Job Cuts 58577.00 40023.00 248475.00 15100.00 Persons [+]
Wages 23.38 23.31 23.38 2.50 USD/Hour [+]
Wage Growth 4.19 4.22 13.78 -5.88 percent [+]
Wages in Manufacturing 22.04 22.02 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 129695.00 129778.00 130159.00 64640.00 Thousand [+]
Part Time Employment 26981.00 26915.00 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
108.71 109.16 109.61 17.00 1950 - 2019 Index Points Quarterly
2012=100, SA




Country Last Previous
Australia 103.80 Mar/19
Brazil 117.40 Apr/19
Canada 108.49 Mar/19
China 104.30 Mar/19
Euro Area 116.60 Dec/18
France 107.50 Mar/19
Germany 116.69 Mar/19
Italy 111.20 Mar/19
Mexico 85.70 Feb/19
Netherlands 108.30 Dec/18
Singapore 110.80 Mar/19
South Africa 154.00 Sep/18
South Korea 103.10 Dec/18
Spain 106.00 Dec/18
Turkey 188.85 Mar/19
United Kingdom 105.60 Dec/18
United States 108.71 Mar/19


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