United States Nonfarm Unit Labour Cost  1950-2017 | 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%
2017-02-02 01:30 PM Q4 0.7%
2017-03-08 01:30 PM Q4 0.7%
2017-05-04 12:30 PM Q1




United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.70 4.60 10.80 2.50 percent [+]
Non Farm Payrolls 156.00 204.00 1115.00 -1967.00 Thousand [+]
Government Payrolls 12.00 6.00 427.00 -260.00 Thousand [+]
Nonfarm Payrolls Private 144.00 198.00 1089.00 -814.00 Thousand [+]
Manufacturing Payrolls 17.00 -7.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 234.00 249.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 2046.00 2093.00 6635.00 988.00 Thousand [+]
ADP Employment Change 153.00 215.00 336.00 -805.00 Thousand [+]
Employed Persons 152111.00 152085.00 152111.00 57635.00 Thousand [+]
Unemployed Persons 7529.00 7400.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.40 -0.10 0.60 -0.30 percent [+]
Average Weekly Hours 34.30 34.30 34.70 33.70 Hours [+]
Labor Force Participation Rate 62.70 62.60 67.30 58.10 percent [+]
Long Term Unemployment Rate 1.15 1.16 2.80 1.15 percent [+]
Youth Unemployment Rate 10.00 10.10 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 5246.00 5772.00 6197.00 2132.00 Thousand [+]
Job Offers 5522.00 5451.00 5845.00 2196.00 Thousands [+]
Challenger Job Cuts 33627.00 26936.00 248475.00 15100.00 Persons [+]
Wages 21.80 21.73 21.80 2.50 USD/Hour [+]
Wages in Manufacturing 20.73 20.60 20.73 1.27 USD/Hour [+]
Wage Growth 3.52 4.28 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 -0.30 2.10 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 27895.00 27845.00 28134.00 10086.00 Thousand [+]
Full Time Employment 124248.00 124202.00 124301.00 64640.00 Thousand [+]
Employment Rate 59.70 59.70 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 January of 2017.

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



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United States 110.70 Sep/16