Labour Costs in the United States increased to 123.78 points in the first quarter of 2026 from 123.22 points in the fourth quarter of 2025. Labour Costs in the United States averaged 59.85 points from 1947 until 2026, reaching an all time high of 123.78 points in the first quarter of 2026 and a record low of 14.98 points in the second quarter of 1947. source: U.S. Bureau of Labor Statistics

Labour Costs in the United States is expected to be 123.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Nonfarm Unit Labor Costs is projected to trend around 124.30 points in 2027 and 124.50 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Average Hourly Earnings MoM 0.10 0.30 percent Jul 2026
Average Weekly Hours 34.30 34.30 Hours Jul 2026
Continuing Jobless Claims 1801.00 1777.00 Thousand Jul 2026
Employed Persons 162177.00 162264.00 Thousand Jul 2026
Employment Cost Index 0.90 0.90 percent Jun 2026
Employment Rate 58.90 59.00 percent Jul 2026
Full Time Employment 133553.00 133659.00 Thousand Jul 2026
Government Payrolls -53.00 -10.00 Thousand Jul 2026
Initial Jobless Claims 199.00 198.00 Thousand Aug 2026
JOLTs Job Openings 7359.00 7537.00 Thousand Jun 2026
Job Openings 7140.00 7500.00 Thousand Jun 2026
Jobless Claims 4-week Average 198.75 203.25 Thousand Aug 2026
Participation Rate 61.40 61.50 percent Jul 2026
Labour Costs 123.78 123.22 points Mar 2026
Long Term Unemployment Rate 1.05 1.14 percent Jul 2026
Manufacturing Payrolls 5.00 11.00 Thousand Jul 2026
Non Farm Payrolls -23.00 20.00 Thousand Jul 2026
Nonfarm Payrolls Private 30.00 30.00 Thousand Jul 2026
Part Time Employment 28764.00 28626.00 Thousand Jul 2026
Productivity 120.02 119.59 points Jun 2026
Unemployed Persons 6916.00 7094.00 Thousand Jul 2026
Unemployment Rate 4.10 4.20 percent Jul 2026
Wages 32.40 32.36 USD/Hour Jul 2026
Wages in Manufacturing 30.35 30.32 USD/Hour Jul 2026
Youth Unemployment Rate 8.50 9.20 percent Jul 2026


United States Nonfarm Unit Labor Costs
Labor 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.
Actual Previous Highest Lowest Dates Unit Frequency
123.78 123.22 123.78 14.98 1947 - 2026 points Quarterly
2017=100, SA