United States Nonfarm Unit Labour Cost  1950-2017 | Data | Chart

Nonfarm business sector unit labor costs in the United States increased by an annualized 1.7 percent on quarter in the fourth quarter of 2016, following a downwardly revised 0.2 percent growth in the previous period but missing market expectations of 1.9 percent gain. Hourly compensation went up by 3 percent and productivity advanced by 1.3 percent, the preliminary estimate showed. Considering full year of 2016, unit labor costs rose by 2.6 percent, the largest increase since 2007. Labour Costs in the United States averaged 59.24 Index Points from 1950 until 2016, reaching an all time high of 111.10 Index Points in the fourth quarter of 2016 and a record low of 17.12 Index Points in the first quarter of 1950.

United States Nonfarm Unit Labour Cost
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-03 12:30 PM Q3 0.3% 3.9% 1.3%
2016-12-06 01:30 PM Q3 0.7% 6.2% 0.3% 0.3%
2017-02-02 01:30 PM Q4 1.7% 0.2% 1.9%
2017-03-08 01:30 PM Q4 0.2% 1.7% 1.7%
2017-05-04 12:30 PM Q1
2017-06-01 12:30 PM Q1




United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.80 4.70 10.80 2.50 percent [+]
Non Farm Payrolls 227.00 157.00 1115.00 -834.00 Thousand [+]
Nonfarm Payrolls Private 237.00 165.00 1089.00 -816.00 Thousand [+]
Government Payrolls -10.00 -8.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 5.00 11.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 239.00 234.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 2076.00 2079.00 6635.00 988.00 Thousand [+]
ADP Employment Change 246.00 151.00 336.00 -805.00 Thousand [+]
Employed Persons 152081.00 152111.00 152111.00 57635.00 Thousand [+]
Unemployed Persons 7635.00 7529.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.10 0.20 0.60 -0.30 percent [+]
Average Weekly Hours 34.40 34.40 34.70 33.70 Hours [+]
Labor Force Participation Rate 62.90 62.70 67.30 58.10 percent [+]
Long Term Unemployment Rate 1.16 1.15 2.80 1.15 percent [+]
Youth Unemployment Rate 10.10 10.00 19.50 7.80 percent [+]
Labour Costs 111.10 110.60 111.10 17.12 Index Points [+]
Productivity 107.40 107.00 107.40 27.60 Index Points [+]
Job Vacancies 5040.00 5246.00 6197.00 2132.00 Thousand [+]
Job Offers 5501.00 5505.00 5845.00 2196.00 Thousands [+]
Challenger Job Cuts 45934.00 33627.00 248475.00 15100.00 Persons [+]
Wages 21.84 21.80 21.84 2.50 USD/Hour [+]
Wage Growth 3.57 3.59 13.77 -5.77 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Wages in Manufacturing 20.70 20.67 20.70 1.27 USD/Hour [+]
Employment Cost Index 0.50 0.60 1.60 0.20 percent [+]
Labor Market Conditions Index 1.30 0.60 32.40 -49.00 [+]
Population 324.30 322.06 324.30 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 High Skilled 4130.00 4150.00 4150.00 4000.00 USD/Month [+]
Living Wage Family 2710.00 2680.00 2850.00 2680.00 USD/Month [+]
Living Wage Individual 1407.76 1399.20 1407.76 1302.75 USD/Month [+]
Part Time Employment 27405.00 27895.00 28134.00 10086.00 Thousand [+]
Full Time Employment 124705.00 124248.00 124705.00 64640.00 Thousand [+]
Employment Rate 59.90 59.70 64.70 55.00 percent [+]
Wages Low Skilled 1780.00 1810.00 1860.00 1450.00 USD/Month [+]



United States Nonfarm Unit Labour Cost Notes

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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
111.10 110.60 111.10 17.12 1950 - 2016 Index Points Quarterly
Seasonally Adjusted



Last
Australia 101.30 Sep/16
Austria 111.30 Dec/16
Belgium 108.40 Sep/16
Brazil 114.56 Dec/16
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United Kingdom 102.80 Sep/16
United States 111.10 Dec/16