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

Nonfarm business sector unit labor costs in the United States increased by an annualized 0.7 percent on quarter in the third quarter of 2016, compared to an upwardly revised 6.2 percent growth in the previous period and above the preliminary estimate of 0.3 percent gain. Hourly compensation went up by 3.8 percent and productivity advanced by 3.1 percent. Year-on-year, unit labor costs increased by 3 percent. Labour Costs in the United States averaged 59.05 Index Points from 1950 until 2016, reaching an all time high of 110.70 Index Points in the third 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)
2016-09-01 12:30 PM Q2 4.3% -0.3% 2.1% 2%
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%
2017-02-03 01:30 PM Q4 0.7% 111.24%
2017-03-03 01:30 PM Q4 0.7% 111.24%
2017-05-04 12:30 PM Q1 111.78%




United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.60 4.90 10.80 2.50 percent [+]
Non Farm Payrolls 178.00 142.00 1115.00 -1967.00 Thousand [+]
Government Payrolls 22.00 7.00 427.00 -260.00 Thousand [+]
Nonfarm Payrolls Private 156.00 135.00 1089.00 -814.00 Thousand [+]
Manufacturing Payrolls -4.00 -5.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 258.00 268.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 2005.00 2084.00 6635.00 988.00 Thousand [+]
ADP Employment Change 216.00 119.00 336.00 -805.00 Thousand [+]
Employed Persons 152085.00 151925.00 152085.00 57635.00 Thousand [+]
Unemployed Persons 7400.00 7787.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings -0.10 0.40 0.60 -0.30 percent [+]
Average Weekly Hours 34.40 34.40 34.70 33.70 Hours [+]
Labor Force Participation Rate 62.70 62.80 67.30 58.10 percent [+]
Long Term Unemployment Rate 1.16 1.24 2.80 1.16 percent [+]
Youth Unemployment Rate 10.40 10.30 19.50 7.80 percent [+]
Productivity 106.90 106.10 107.00 27.60 Index Points [+]
Labour Costs 110.70 110.50 110.70 17.12 Index Points [+]
Job Vacancies 5445.00 5562.00 6197.00 2132.00 Thousand [+]
Job Offers 5534.00 5631.00 5845.00 2196.00 Thousands [+]
Challenger Job Cuts 26936.00 30740.00 248475.00 15100.00 Persons [+]
Wages 21.72 21.68 21.72 2.50 USD/Hour [+]
Wages in Manufacturing 20.60 20.59 20.60 1.27 USD/Hour [+]
Wage Growth 4.32 4.63 13.77 -5.77 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.50 0.60 1.60 0.20 percent [+]
Labor Market Conditions Index 1.50 1.40 32.40 -49.00 [+]
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 1780.00 1810.00 1860.00 1450.00 USD/Month [+]
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 1660.00 1650.00 1710.00 1650.00 USD/Month [+]
Part Time Employment 27727.00 27637.00 28134.00 10086.00 Thousand [+]
Full Time Employment 124193.00 124296.00 124301.00 64640.00 Thousand [+]
Employment Rate 59.70 59.80 64.70 55.00 percent [+]



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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
110.70 110.50 110.70 17.12 1950 - 2016 Index Points Quarterly
Seasonally Adjusted



Last
Australia 99.90 Jun/16
Austria 108.90 Sep/16
Belgium 108.40 Jun/16
Brazil 139.55 Oct/16
Bulgaria 126.97 Jun/16
Canada 116.47 Jun/16
China 103.30 Sep/16
Croatia 99.20 Jun/16
Cyprus 88.98 Jun/16
Czech Republic 104.46 Jun/16
Denmark 111.11 Jun/16
Estonia 124.38 Jun/16
Euro Area 109.20 Jun/16
European Union 108.80 Jun/16
Finland 112.30 Jun/16
France 106.60 Jun/16
Germany 110.47 Sep/16
Greece 87.60 Jun/16
Hong Kong 135.90 Jun/16
Hungary 118.50 Jun/16
Ireland 86.50 Jun/16
Italy 110.69 Jun/16
Latvia 123.39 Jun/16
Lithuania 122.20 Jun/16
Luxembourg 120.96 Aug/16
Malta 118.71 Jun/16
Mauritius 130.10 Dec/15
Mexico 75.80 Sep/16
Netherlands 115.50 Jun/16
New Zealand 1132.00 Sep/16
Norway 123.20 Sep/16
Poland 104.30 Jun/16
Portugal 98.00 Jun/16
Romania 110.10 Jun/16
Serbia 104.75 Aug/16
Singapore 110.90 Sep/16
Slovakia 104.00 Jun/16
Slovenia 103.20 Jun/16
South Africa 155.50 Mar/16
South Korea 123.30 Jun/16
Spain 101.90 Jun/16
Sweden 123.30 Aug/16
Taiwan 98.16 Sep/16
Thailand 104.07 Jun/16
Turkey 203.61 Jun/16
United Kingdom 101.70 Jun/16
United States 110.70 Sep/16