United States Labour Costs

Labour Costs in the United States decreased to 102.64 Index Points in the fourth quarter of 2013 from 102.67 Index Points in the third quarter of 2013. Labour Costs in the United States is reported by the U.S. Bureau of Labor Statistics. Labour Costs in the United States averaged 57.87 Index Points from 1950 until 2013, reaching an all time high of 104.05 Index Points in the fourth quarter of 2012 and a record low of 18.26 Index Points in the first quarter of 1950. This page provides - United States Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
102.64 102.67 104.05 18.26 102.47 | 2014/06 1950 - 2013 Index Points Quarterly
Seasonally Adjusted

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United States Labour Costs
LIST BY COUNTRY

Labour Last Previous Highest Lowest Forecast Unit
Initial Jobless Claims 304.00 2014-04-12 332.00 695.00 162.00 303.25 2014-04-19 Thousand [+]
Non Farm Payrolls 192.00 2014-03-31 197.00 1114.00 -1966.00 158.00 2014-06-30 Thousand [+]
Adp Employment Change 191.00 2014-03-15 178.00 335.80 -828.40 183.05 2014-06-30 Thousand [+]
Average Hourly Earnings -0.04 2014-03-15 0.37 0.51 -0.13 0.27 2014-06-30 Percent [+]
Average Weekly Hours 34.50 2014-03-15 34.30 34.70 33.80 34.32 2014-06-30 Hours [+]
Challenger Job Cuts 34399.00 2014-03-15 41835.00 248475.00 15100.00 16705.60 2014-06-30 Persons [+]
Employed Persons 145742.00 2014-03-15 145266.00 146595.00 57635.00 146162.54 2014-06-30 Thousand [+]
Government Payrolls 0.00 2014-03-15 9.00 422.00 -260.00 -17.16 2014-06-30 Thousand [+]
Job Vacancies 4008.00 2014-02-15 3970.00 5771.00 2134.00 3909.94 2014-06-30 Thousand [+]
Labour Costs 102.64 2013-11-15 102.67 104.05 18.26 102.47 2014-06-30 Index Points [+]
Labor Force Participation Rate 62.90 2014-03-15 62.70 66.50 62.70 62.70 2014-06-30 Percent [+]
Long Term Unemployment Rate 2.30 2014-01-31 2.50 2.80 2.30 1.32 2014-06-30 Percent [+]
Manufacturing Payrolls -1.00 2014-03-15 19.00 572.00 -519.00 14.00 2014-06-30 Thousand [+]
Nonfarm Payrolls - Private 192.00 2014-03-15 188.00 1089.00 -821.00 161.29 2014-06-30 Thousand [+]
Productivity 106.92 2013-11-15 106.59 106.92 31.67 107.89 2014-06-30 Index Points [+]
Unemployed Persons 10486.00 2014-03-15 10459.00 15382.00 1596.00 10168.89 2014-06-30 Thousand [+]
Wages 10.34 2014-02-15 10.31 10.41 9.88 10.37 2014-06-30 USD [+]
Wages in Manufacturing 19.51 2014-03-15 19.50 19.55 1.27 19.53 2014-04-30 USD [+]
Youth Unemployment Rate 14.50 2014-03-15 14.40 19.60 7.80 13.23 2014-06-30 Percent [+]
Retirement Age Men 66.00 2013-01-01 66.00 66.00 66.00 66.00 2014-06-30 [+]
Retirement Age Women 66.00 2013-01-01 66.00 66.00 65.83 66.00 2014-06-30 [+]
Population 317.30 2013-12-31 315.09 315.09 180.67 318.41 2014-06-30 Million [+]
Unemployment Rate 6.70 2014-03-31 6.70 10.80 2.50 6.30 2014-06-30 Percent [+]
Continuing Jobless Claims 2739.00 2014-04-05 2750.00 6635.00 988.00 2732.29 2014-04-12 Thousand [+]
[+]


Labour Costs | Notes
Unit labour cost refers to the average cost of labour per unit of output. It is calculated by dividing the total labour costs by real output. The Average cost of labour is the sum of wages paid to employees, the cost of employee benefits and payroll taxes paid by an employer.


RELATED NEWS

US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
US Industrial Production Slows in March  
Industrial production increased 0.7 percent in March after having advanced 1.2 percent in February. Yet, manufacturing output rose for the second straight month.
US Housing Starts Rise Below Forecasts  
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 946,000. This is 2.8 percent above the revised February estimate of 920,000, but down 5.9 percent year-on-year.
US Inflation Rate Up to 1.5% in March  
US annual consumer prices accelerated to 1.5 percent in March, boosted by higher shelter and food cost. On a monthly basis, the inflation rate edged up to 0.2 percent, following a 0.1 percent increase in February.
US Retail Sales Beat Expectations in March  
Retail sales increased 1.1 percent over the previous month in March of 2014, up from a revised 0.7 percent rise in February. It is the biggest growth rate in 1-1/2 years.
US Consumer Sentiment Up to 9-Month High  
The Thomson Reuters/University of Michigan's consumer sentiment index increased to a preliminary reading of 82.6 in April of 2014, up from March’s final 80.0. It is the highest level since July of 2013, as current conditions and expectations surged.
US Jobless Claims Down to Nearly 7-Year Low  
In the week ending April 5, the advance figure for seasonally adjusted initial claims was 300,000, a decrease of 32,000 from the previous week's revised level. The last time initial claims were this low was May 12, 2007 when they were 297,000. There were no special factors impacting this week's initial claims.
US Unemployment Rate Steady at 6.7%  
In March of 2014, the number of unemployed persons was essentially unchanged at 10.5 million, and the unemployment rate held at 6.7 percent. Over the year, the number of unemployed persons and the jobless rate were down by 1.2 million and 0.8 percentage point, respectively.
US Non-Farm Payrolls Rise 192K in March  
In March, total nonfarm payroll employment rose by 192,000, down from 197,00 in the previous month. Job growth averaged 183,000 per month over the prior 12 months. In March, employment grew in professional and business services, in health care, and in mining and logging.
US Service Sector Accelerates in March  
The Institute for Supply Management index of non-manufacturing activity rose to 53.1 in March, up from February’s reading of 51.6, as employment increased.
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LATEST NEWS

Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
Hong Kong Unemployment Rate Unchanged in March  
Hong Kong’ seasonally adjusted jobless rate remained steady at 3.1 percent for the third consecutive period in January to March of 2014, down from 3.5 percent a year earlier.
Hong Kong Inflation Rate Unchanged in March  
Hong Kong annual consumer prices rose 3.9 percent in March of 2014, the same rate recorded in February. In the first quarter of 2014, the inflation rate rose by 4.2 percent over a year earlier. The corresponding increase after netting out the effects of all Government's one-off relief measures was 3.8 percent.
China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.
Japanese Trade Deficit Widens in March  
Japan’s trade gap increased to a wider-than-expected ¥ 1446.3 billion in March of 2014, up from a revised ¥ 802.5 billion deficit in the previous month and a ¥ 356.9 billion gap a year earlier, as energy imports continued to rise.
Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
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