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

Unit labor costs in the US nonfarm business sector increased 4.5 percent in the last three months of 2015, higher than an upwardly revised 1.9 percent in the previous period and higher than market expectations of a 3.9 percent gain, preliminary figures showed. Hourly compensation went up 1.3 percent while productivity fell 3 percent (1.6 percent in the preliminary estimate). Year-on-year, unit labor costs increased 2.8 percent, bringing full year cost growth to 2.4 percent. Labour Costs in the United States averaged 58.28 Index Points from 1950 until 2015, reaching an all time high of 107.23 Index Points in the first quarter of 2015 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
109.47 106.85 107.23 17.12 1950 - 2015 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-05 01:30 PM Q3 1.4% -1.8% 2.3%
2015-12-02 01:30 PM Q3 1.8% 2.0% 1.1% 1.4%
2016-02-04 01:30 PM Q4 4.5% 1.9% 3.9% 1.2%
2016-03-03 01:30 PM Q4 1.9% 4.5% 4.5%
2016-05-04 12:30 PM Q1
2016-06-07 12:30 PM Q1

United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.90 5.00 10.80 2.50 percent [+]
Non Farm Payrolls 151.00 262.00 1115.00 -1967.00 Thousand [+]
Nonfarm Payrolls Private 158.00 251.00 1089.00 -814.00 Thousand [+]
Government Payrolls -7.00 11.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 29.00 13.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 285.00 278.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 2255.00 2268.00 6635.00 988.00 Thousand [+]
ADP Employment Change 205.00 229.00 343.00 -826.00 Thousand [+]
Employed Persons 150544.00 149929.00 150544.00 57635.00 Thousand [+]
Unemployed Persons 7791.00 7904.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.50 0.00 0.60 -0.20 percent [+]
Average Weekly Hours 34.60 34.50 34.70 33.70 Hours [+]
Labor Force Participation Rate 62.70 62.60 67.30 58.10 percent [+]
Long Term Unemployment Rate 1.30 1.30 2.80 1.30 percent [+]
Youth Unemployment Rate 11.20 11.20 19.50 7.80 percent [+]
Productivity 105.67 105.93 106.50 27.56 Index Points [+]
Labour Costs 109.47 106.85 107.23 17.12 Index Points [+]
Job Vacancies 4972.00 5604.00 6197.00 2132.00 Thousand [+]
Job Offers 5431.00 5377.00 5668.00 2146.00 Thousands [+]
Challenger Job Cuts 75100.00 105696.00 248475.00 15100.00 Persons [+]
Wages 21.22 21.19 21.22 2.50 USD/Hour [+]
Wage Growth 4.46 4.27 13.77 -5.77 percent [+]
Wages in Manufacturing 20.16 20.05 20.16 1.27 USD/Hour [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.60 0.60 1.60 0.20 Percent [+]
Labor Market Conditions Index 2.90 2.70 28.50 -43.60 [+]
Population 318.86 316.50 318.86 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 1440.00 1500.00 1500.00 1440.00 USD/Month [+]
Wages High Skilled 4000.00 4100.00 4100.00 4000.00 USD/Month [+]
Part Time Employment 27359.00 27320.00 28134.00 10086.00 Thousand [+]
Employment Rate 59.50 59.30 64.70 55.00 percent [+]
Full Time Employment 122603.00 122027.00 122603.00 64640.00 Thousand [+]




Last
Australia 101.20 Sep/15
Austria 107.40 Sep/15
Belgium 103.12 Jun/15
Brazil 98.47 Dec/15
Bulgaria 110.40 Sep/15
Canada 114.61 Sep/15
China 104.30 Dec/15
Croatia 86.10 Sep/15
Cyprus 84.97 Sep/15
Czech Republic 100.15 Sep/15
Denmark 107.00 Sep/15
Estonia 116.57 Sep/15
Euro Area 105.61 Sep/15
European Union 108.01 Sep/15
Finland 112.25 Sep/15
France 106.03 Sep/15
Germany 109.12 Sep/15
Greece 76.70 Sep/15
Hong Kong 130.70 Jun/15
Hungary 107.70 Sep/15
Ireland 88.65 Sep/15
Italy 110.67 Sep/15
Latvia 118.04 Sep/15
Lithuania 117.00 Sep/15
Luxembourg 101.50 Nov/15
Malta 99.84 Sep/15
Mauritius 128.73 Dec/14
Mexico 80.30 Nov/15
Netherlands 99.54 Sep/15
New Zealand 1119.00 Dec/15
Norway 120.60 Sep/15
Poland 105.90 Sep/15
Portugal 91.50 Sep/15
Romania 81.20 Sep/15
Serbia 99.23 Jul/15
Singapore 107.20 Sep/15
Slovakia 96.40 Sep/15
Slovenia 99.20 Sep/15
South Africa 143.80 Jun/15
South Korea 132.70 Sep/15
Spain 102.00 Jun/15
Sweden 122.10 Nov/15
Taiwan 97.60 Nov/15
Turkey 180.78 Sep/15
United Kingdom 101.50 Sep/15
United States 109.47 Dec/15