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

Unit labor costs in the US nonfarm business sector increased an annualized 1.7 percent on quarter in the last three months of 2016, matching preliminary estimates and above expectations of a 1.6 percent gain. It reflects a 3 percent increase in hourly compensation and a 1.3 percent increase in productivity. year-on-year, unit labor costs increased 2 percent. Considering full 2016, labor cost went up 2.6 percent, following a 2 percent gain in 2015. 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)
2016-12-06 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 1.7% 0.7% 1.6% 1.7%
2017-05-04 12:30 PM Q1 1.7%
2017-06-01 12:30 PM Q1 1.7%
2017-08-09 12:30 PM Q2




United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.50 4.70 10.80 2.50 percent [+]
Non Farm Payrolls 98.00 219.00 1115.00 -834.00 Thousand [+]
Nonfarm Payrolls Private 89.00 221.00 1089.00 -816.00 Thousand [+]
Government Payrolls 9.00 -2.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 11.00 26.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 244.00 234.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1979.00 2028.00 6635.00 988.00 Thousand [+]
ADP Employment Change 263.00 245.00 384.00 -846.00 Thousand [+]
Employed Persons 153000.00 152528.00 153000.00 57635.00 Thousand [+]
Unemployed Persons 7202.00 7528.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.20 0.30 0.60 -0.20 percent [+]
Average Weekly Hours 34.30 34.30 34.60 33.70 Hours [+]
Labor Force Participation Rate 63.00 63.00 67.30 58.10 percent [+]
Long Term Unemployment Rate 1.05 1.13 2.80 1.05 percent [+]
Youth Unemployment Rate 9.10 9.90 19.50 7.80 percent [+]
Labour Costs 111.21 110.75 111.21 17.12 Index Points [+]
Productivity 107.40 107.00 107.40 27.60 Index Points [+]
Job Vacancies 5592.00 5582.00 6197.00 2132.00 Thousand [+]
Job Offers 5743.00 5625.00 5973.00 2196.00 Thousands [+]
Challenger Job Cuts 43310.00 36957.00 248475.00 15100.00 Persons [+]
Wages 21.90 21.86 21.90 2.50 USD/Hour [+]
Wages in Manufacturing 20.69 20.63 20.69 1.27 USD/Hour [+]
Wage Growth 4.47 3.76 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 0.40 1.50 32.40 -49.00 Index Points [+]
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 [+]
Living Wage Family 1496.20 1497.50 2680.00 1433.00 USD/Month [+]
Living Wage Individual 1407.76 1399.20 1407.76 1302.75 USD/Month [+]
Part Time Employment 27603.00 27554.00 28134.00 10086.00 Thousand [+]
Full Time Employment 125507.00 125031.00 125507.00 64640.00 Thousand [+]
Employment Rate 60.10 60.00 64.70 55.00 percent [+]
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 [+]


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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
111.21 110.75 111.21 17.12 1950 - 2016 Index Points Quarterly
Seasonally Adjusted



Last
Australia 99.30 Dec/16
Austria 111.30 Dec/16
Belgium 108.30 Dec/16
Brazil 140.21 Mar/17
Bulgaria 113.96 Dec/16
Canada 116.36 Dec/16
China 103.60 Mar/17
Croatia 88.70 Dec/16
Cyprus 105.11 Dec/16
Czech Republic 110.39 Dec/16
Denmark 107.22 Dec/16
Estonia 122.25 Dec/16
Euro Area 112.20 Dec/16
European Union 111.50 Dec/16
Finland 111.08 Dec/16
France 107.10 Dec/16
Germany 111.17 Dec/16
Greece 95.10 Dec/16
Hong Kong 134.60 Sep/16
Hungary 113.40 Dec/16
Ireland 81.10 Dec/16
Italy 105.44 Dec/16
Latvia 125.26 Sep/16
Lithuania 129.70 Dec/16
Luxembourg 118.95 Jan/17
Malta 105.19 Dec/16
Mauritius 130.10 Dec/15
Mexico 70.90 Feb/17
Netherlands 103.90 Dec/16
New Zealand 1137.00 Dec/16
Norway 115.30 Dec/16
Poland 106.50 Sep/16
Portugal 102.10 Dec/16
Romania 87.50 Dec/16
Serbia 108.04 Dec/16
Singapore 118.80 Dec/16
Slovakia 113.00 Dec/16
Slovenia 107.10 Dec/16
South Africa 139.90 Sep/16
South Korea 138.70 Sep/16
Spain 104.30 Dec/16
Sweden 126.00 Dec/16
Taiwan 211.37 Jan/17
Thailand 102.66 Sep/16
Turkey 210.46 Dec/16
United Kingdom 102.60 Dec/16
United States 111.21 Dec/16