United States Nonfarm Unit Labour Cost  1950-2016 | Data | Chart

Unit labor costs in the nonfarm business sector in the United States increased 4.1 percent in the first quarter of 2016, following a downwardly revised 2.7 percent growth in the previous period and staying above market expectations of 3.3 percent, preliminary figures showed. It was the highest reading since the fourth quarter of 2014, as hourly compensation went up 3 percent while productivity fell 1 percent. Unit labor costs increased 2.3 percent over the last four quarters. Labour Costs in the United States averaged 58.67 Index Points from 1950 until 2016, reaching an all time high of 109.67 Index Points in the first quarter of 2016 and a record low of 17.12 Index Points in the first quarter of 1950. Labour Costs in the United States is reported by the U.S. Bureau of Labor Statistics.

United States Nonfarm Unit Labour Cost
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Actual Previous Highest Lowest Dates Unit Frequency
109.67 108.59 109.67 17.12 1950 - 2016 Index Points Quarterly
Seasonally Adjusted
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 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-04 01:30 PM Q4 4.5% 1.9% 3.9% 1.2%
2016-03-03 01:30 PM Q4 3.3% 0.4% 4.7% 4.5%
2016-05-04 12:30 PM Q1 4.1% 2.7% 3.3% 3.5%
2016-06-07 12:30 PM Q1 2.7% 4.1% 4.1%
2016-08-09 12:30 PM Q2
2016-09-01 12:30 PM Q2

United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.00 5.00 10.80 2.50 percent [+]
Non Farm Payrolls 160.00 215.00 1115.00 -1967.00 Thousand [+]
Government Payrolls -11.00 20.00 427.00 -260.00 Thousand [+]
Nonfarm Payrolls Private 171.00 195.00 1089.00 -814.00 Thousand [+]
Manufacturing Payrolls 4.00 -29.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 268.00 278.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 2163.00 2152.00 6635.00 988.00 Thousand [+]
ADP Employment Change 156.00 205.00 357.00 -881.00 Thousand [+]
Employed Persons 151004.00 151320.00 151320.00 57635.00 Thousand [+]
Unemployed Persons 7920.00 7966.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.30 0.20 0.60 -0.20 percent [+]
Average Weekly Hours 34.50 34.40 34.70 33.70 Hours [+]
Labor Force Participation Rate 62.80 63.00 67.30 58.10 percent [+]
Long Term Unemployment Rate 1.29 1.39 2.80 1.29 percent [+]
Youth Unemployment Rate 10.80 10.40 19.50 7.80 percent [+]
Productivity 105.86 106.13 106.59 27.57 Index Points [+]
Labour Costs 109.67 108.59 109.67 17.12 Index Points [+]
Job Vacancies 5729.00 5291.00 6197.00 2132.00 Thousand [+]
Job Offers 5757.00 5608.00 5757.00 2146.00 Thousands [+]
Challenger Job Cuts 65100.00 105696.00 248475.00 15100.00 Persons [+]
Wages 21.45 21.40 21.45 2.50 USD/Hour [+]
Wage Growth 4.70 4.34 13.77 -5.77 percent [+]
Wages in Manufacturing 20.41 20.28 20.41 1.27 USD/Hour [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.60 0.50 1.60 0.20 percent [+]
Labor Market Conditions Index -0.90 -2.10 28.50 -43.60 [+]
Population 321.57 319.07 321.57 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 [+]
Wages Low Skilled 1750.00 1650.00 1750.00 1450.00 USD/Month [+]
Wages High Skilled 4140.00 4090.00 4140.00 4000.00 USD/Month [+]
Living Wage Family 2600.00 2740.00 2740.00 2600.00 USD/Month [+]
Living Wage Individual 1620.00 1670.00 1670.00 1620.00 USD/Month [+]
Part Time Employment 27797.00 27818.00 28134.00 10086.00 Thousand [+]
Full Time Employment 123194.00 123447.00 123447.00 64640.00 Thousand [+]
Employment Rate 59.70 59.90 64.70 55.00 percent [+]




Last
Australia 101.00 Dec/15
Austria 110.80 Mar/16
Belgium 103.12 Jun/15
Brazil 114.72 Mar/16
Bulgaria 112.71 Dec/15
Canada 115.77 Dec/15
China 103.70 Mar/16
Croatia 91.10 Dec/15
Cyprus 106.79 Dec/15
Czech Republic 105.47 Dec/15
Denmark 108.04 Dec/15
Estonia 122.79 Dec/15
Euro Area 106.08 Dec/15
European Union 105.39 Dec/15
Finland 111.63 Dec/15
France 106.24 Dec/15
Germany 110.64 Mar/16
Greece 97.20 Dec/15
Hong Kong 137.40 Dec/15
Hungary 109.90 Dec/15
Ireland 91.64 Dec/15
Italy 110.22 Dec/15
Latvia 122.04 Dec/15
Lithuania 117.90 Dec/15
Luxembourg 97.80 Feb/16
Malta 106.75 Dec/15
Mauritius 130.10 Dec/15
Mexico 78.20 Mar/16
Netherlands 104.49 Dec/15
New Zealand 1123.00 Mar/16
Norway 120.80 Mar/16
Poland 93.90 Dec/15
Portugal 99.30 Dec/15
Romania 87.90 Dec/15
Serbia 103.68 Feb/16
Singapore 118.30 Dec/15
Slovakia 110.50 Dec/15
Slovenia 101.16 Dec/15
South Africa 146.50 Sep/15
South Korea 129.40 Dec/15
Spain 105.20 Dec/15
Sweden 123.10 Feb/16
Taiwan 90.20 Mar/16
Turkey 177.38 Dec/15
United Kingdom 101.60 Dec/15
United States 109.67 Mar/16