Unit labor costs in the US nonfarm business sector increased an annualized 0.9 percent in the third quarter of 2018, rebounding from an upwardly revised 2.8 percent drop in the previous period, which was the largest fall since the second quarter of 2014. It mainly reflects a 3.1 percent rise in hourly compensation and a 2.3 percent gain in labor productivity. It compares with preliminary estimates of a bigger 1.2 percent increase, final figures showed. Year-on-year, unit labor costs increased 0.9 percent. Labour Costs in the United States averaged 59.65 Index Points from 1950 until 2018, reaching an all time high of 109.60 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
2019-02-06 01:30 PM Unit Labour Costs QoQ Prel 0.9%
2019-03-07 01:30 PM Unit Labour Costs QoQ Final 0.9%
2019-05-02 12:30 PM Unit Labour Costs QoQ Prel


United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.70 10.80 2.50 percent [+]
Non Farm Payrolls 155.00 237.00 1115.00 -834.00 Thousand [+]
Nonfarm Payrolls Private 161.00 251.00 1089.00 -821.00 Thousand [+]
Government Payrolls -6.00 -14.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 27.00 26.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 206.00 233.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1661.00 1636.00 6635.00 988.00 Thousand [+]
ADP Employment Change 179.00 225.00 384.00 -836.00 Thousand [+]
Employed Persons 156795.00 156562.00 156795.00 57635.00 Thousand [+]
Unemployed Persons 5975.00 6075.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.20 0.10 0.60 -0.20 percent [+]
Average Weekly Hours 34.40 34.50 34.60 33.70 Hours [+]
Labor Force Participation Rate 62.90 62.90 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.77 0.84 2.80 0.74 percent [+]
Youth Unemployment Rate 8.10 8.30 19.50 7.80 percent [+]
Labour Costs 109.05 108.81 109.60 17.00 Index Points [+]
Productivity 105.69 105.10 105.69 26.03 Index Points [+]
Job Vacancies 7320.00 7070.00 7320.00 2132.00 Thousand [+]
Job Offers 7079.00 6960.00 7293.00 2196.00 Thousand [+]
Challenger Job Cuts 53073.00 75644.00 248475.00 15100.00 Persons [+]
Wages 22.95 22.88 22.95 2.50 USD/Hour [+]
Wage Growth 4.60 4.79 13.78 -5.88 percent [+]
Wages in Manufacturing 21.82 21.67 21.82 1.27 USD/Hour [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.80 0.60 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 129755.00 129212.00 129755.00 64640.00 Thousand [+]
Part Time Employment 27039.00 27297.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
109.05 108.81 109.60 17.00 1950 - 2018 Index Points Quarterly
2012=100, SA




Country Last Previous
Australia 102.20 Sep/18
Brazil 119.16 Oct/18
Canada 105.63 Sep/18
China 104.80 Sep/18
Euro Area 106.40 Sep/18
France 108.20 Sep/18
Germany 115.29 Sep/18
Italy 107.00 Jun/18
Mexico 82.30 Sep/18
Netherlands 115.30 Jun/18
Singapore 108.30 Sep/18
South Africa 150.90 Jun/18
South Korea 96.50 Jun/18
Spain 102.40 Jun/18
Turkey 166.66 Sep/18
United Kingdom 103.90 Jun/18
United States 109.05 Sep/18


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