United States Nonfarm Unit Labour Cost 1950-2016 | 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 CostNotes

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 December of 2016.