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 4.70 4.80 10.80 2.50 percent [+]
Non Farm Payrolls 235.00 238.00 1115.00 -834.00 Thousand [+]
Nonfarm Payrolls Private 227.00 221.00 1089.00 -816.00 Thousand [+]
Government Payrolls 8.00 17.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 28.00 11.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 241.00 243.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 2030.00 2060.00 6635.00 988.00 Thousand [+]
ADP Employment Change 298.00 261.00 384.00 -846.00 Thousand [+]
Employed Persons 152528.00 152081.00 152528.00 57635.00 Thousand [+]
Unemployed Persons 7528.00 7635.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.20 0.20 0.60 -0.30 percent [+]
Average Weekly Hours 34.40 34.40 34.70 33.70 Hours [+]
Labor Force Participation Rate 63.00 62.90 67.30 58.10 percent [+]
Long Term Unemployment Rate 1.13 1.16 2.80 1.13 percent [+]
Youth Unemployment Rate 9.90 10.10 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 5582.00 5040.00 6197.00 2132.00 Thousand [+]
Job Offers 5626.00 5539.00 5973.00 2196.00 Thousands [+]
Challenger Job Cuts 36957.00 45934.00 248475.00 15100.00 Persons [+]
Wages 21.86 21.82 21.86 2.50 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 [+]
Wages in Manufacturing 20.65 20.66 20.67 1.27 USD/Hour [+]
Employment Cost Index 0.50 0.60 1.60 0.20 percent [+]
Labor Market Conditions Index 1.30 1.30 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 [+]
Wages High Skilled 4130.00 4150.00 4150.00 4000.00 USD/Month [+]
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 27554.00 27405.00 28134.00 10086.00 Thousand [+]
Full Time Employment 125031.00 124705.00 125031.00 64640.00 Thousand [+]
Employment Rate 60.00 59.90 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 March 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 131.76 Jan/17
Bulgaria 113.96 Dec/16
Canada 116.36 Dec/16
China 103.40 Dec/16
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 79.40 Sep/16
Italy 105.44 Dec/16
Latvia 125.26 Sep/16
Lithuania 129.70 Dec/16
Luxembourg 141.24 Dec/16
Malta 105.19 Dec/16
Mauritius 130.10 Dec/15
Mexico 66.60 Jan/17
Netherlands 98.60 Sep/16
New Zealand 1137.00 Dec/16
Norway 115.30 Dec/16
Poland 106.50 Sep/16
Portugal 102.10 Dec/16
Romania 91.90 Sep/16
Serbia 99.09 Nov/16
Singapore 118.80 Dec/16
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South Africa 154.20 Jun/16
South Korea 138.70 Sep/16
Spain 96.20 Sep/16
Sweden 126.00 Dec/16
Taiwan 99.62 Dec/16
Thailand 102.66 Sep/16
Turkey 210.46 Dec/16
United Kingdom 102.80 Sep/16
United States 111.21 Dec/16