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United States Labour Costs

Last Release
Sep 30, 2022
Actual
127.62
Units In
Points
Previous
131.11
Frequency
Quarterly
Next Release
Dec 07, 2022
Time to Release
7 Days 2 Hours
Highest
Lowest
Average
Date Range
Source
131.11
Jun 2022
17.01
Mar 1950
62.94 Points1950-2022U.S. Bureau of Labor Statistics
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.

Latest Updates

Unit labor costs in the US nonfarm business sector surged by 3.5 percent in the third quarter of 2022, below market forecasts of a 4.1 percent increase and following a downwardly revised 8.9 percent gain in the previous period, a preliminary release showed. It reflects a 3.8 percent increase in hourly compensation and a 0.3 percent gain in productivity. Unit labor costs increased 6.1 percent over the last four quarters.

United States Labour Costs History

Last 12 readings

United States Labour Indicators

All United States indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Adp Employment Change
239
Oct 2022
192
Sep 2022
-19,392
Apr 2020
4,350
Jun 2020
ThousandMonthly2001-2022
Average Hourly Earnings
0.4
Oct 2022
0.3
Sep 2022
-1.3
Jun 2020
4.6
Apr 2020
%Monthly2006-2022
Average Hourly Earnings YoY
4.7
Oct 2022
5
Sep 2022
0.3
Apr 2021
8.2
Apr 2020
%Monthly2007-2022
Average Weekly Hours
34.5
Oct 2022
34.5
Sep 2022
33.7
Jun 2009
35
Jan 2021
HoursMonthly2006-2022
Challenger Job Cuts
33,843
Oct 2022
29,989
Sep 2022
14,875
Nov 2021
671,129
Apr 2020
PersonsMonthly1994-2022
Continuing Jobless Claims
1,551
Nov 2022
1,503
Nov 2022
988
May 1969
23,128
May 2020
ThousandWeekly1967-2022
Employment Cost Index
1.2
Sep 2022
1.3
Jun 2022
0.2
Jun 2015
2
Sep 1982
%Quarterly1982-2022
Employment Cost Index Benefits
1
Sep 2022
1.2
Jun 2022
0.1
Mar 1997
2.7
Sep 1982
N/A1982-2022
Employment Cost Index Wages
1.3
Sep 2022
1.4
Jun 2022
0.2
Jun 2015
1.6
Sep 1982
N/A1982-2022
Employment Rate
60
Oct 2022
60.1
Sep 2022
51.3
Apr 2020
64.7
Apr 2000
%Monthly1948-2022
Full Time Employment
132,228
Oct 2022
132,661
Sep 2022
64,640
Jan 1968
132,800
May 2022
ThousandMonthly1968-2022
Government Payrolls
28
Oct 2022
-4
Sep 2022
-921
Apr 2020
452
Aug 2020
ThousandMonthly1939-2022
Initial Jobless Claims
240
Nov 2022
223
Nov 2022
162
Nov 1968
6,149
Apr 2020
ThousandWeekly1967-2022
Job Offers
10,717
Sep 2022
10,053
Aug 2022
2,232
Jul 2009
11,549
Mar 2022
ThousandMonthly2000-2022
Job Quits
4,061
Sep 2022
4,184
Aug 2022
1,555
Aug 2009
4,510
Nov 2021
ThousandMonthly2000-2022
Job Vacancies
10,695
Sep 2022
10,166
Aug 2022
2,157
Dec 2009
12,086
Jul 2022
ThousandMonthly2000-2022
Jobless Claims 4-week Average
226.75
Nov 2022
221.25
Nov 2022
170.5
Apr 2022
5,288.25
Apr 2020
ThousandWeekly1967-2022
Labor Force Participation Rate
62.2
Oct 2022
62.3
Sep 2022
58.1
Dec 1954
67.3
Jan 2000
%Monthly1948-2022
Labour Costs
127.62
Sep 2022
131.11
Jun 2022
17.01
Mar 1950
131.11
Jun 2022
PointsQuarterly1950-2022
Long Term Unemployment Rate
0.71
Oct 2022
0.65
Sep 2022
0.08
May 1953
4.4
Apr 2010
%Monthly1948-2022
Manufacturing Payrolls
32
Oct 2022
23
Sep 2022
-1,715
Sep 1945
655
Apr 1946
ThousandMonthly1939-2022
Minimum Wages
7.25
Dec 2022
7.25
Dec 2021
0.25
Dec 1938
7.25
Dec 2009
USD/HourYearly1938-2022
Non Farm Payrolls
261
Oct 2022
315
Sep 2022
-20,679
Apr 2020
4,846
Jun 2020
ThousandMonthly1939-2022
Nonfarm Payrolls Private
233
Oct 2022
319
Sep 2022
-19,572
Apr 2020
4,510
Jun 2020
ThousandMonthly1939-2022
Pandemic Unemployment Assistance Claims
0.9
Dec 2021
1.55
Dec 2021
0.9
Dec 2021
1,352.29
May 2020
ThousandWeekly2020-2021
Part Time Employment
26,394
Oct 2022
26,230
Sep 2022
10,086
Jan 1968
28,134
Jul 2013
ThousandMonthly1968-2022
Population
332.4
Dec 2021
329.48
Dec 2020
76.09
Dec 1900
332.4
Dec 2021
MillionYearly1900-2021
Productivity
113.14
Sep 2022
109.86
Jun 2022
25.97
Mar 1950
113.2
Dec 2021
PointsQuarterly1950-2022
Retirement Age Men
66.33
Dec 2022
66.17
Dec 2021
66
Dec 2009
66.33
Dec 2022
Yearly2009-2022
Retirement Age Women
66.33
Dec 2022
66.17
Dec 2021
66
Dec 2009
66.33
Dec 2022
Yearly2009-2022
Unemployed Persons
6,059
Oct 2022
5,753
Sep 2022
1,596
May 1953
23,038
Apr 2020
ThousandMonthly1948-2022
Unemployment Rate
3.7
Oct 2022
3.5
Sep 2022
2.5
May 1953
14.7
Apr 2020
%Monthly1948-2022
Wage Growth
8.22
Sep 2022
8.53
Aug 2022
-5.88
Mar 2009
15.31
Apr 2021
%Monthly1960-2022
Wages
27.86
Oct 2022
27.77
Sep 2022
2.5
Jan 1964
27.86
Oct 2022
USD/HourMonthly1964-2022
Wages In Manufacturing
25.37
Oct 2022
25.32
Sep 2022
1.27
Jan 1950
25.37
Oct 2022
USD/HourMonthly1950-2022
Youth Unemployment Rate
8.1
Oct 2022
8.3
Sep 2022
4.8
May 1951
27.4
Apr 2020
%Monthly1948-2022

Labour Costs across North America

Labour Costs global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Canada
126.64
Jun 2022
124.15
Mar 2022
44.07
Mar 1981
126.64
Jun 2022
Points Quarterly1981-2022
Mexico
107.1
Sep 2022
99.4
Aug 2022
71.5
Jan 2017
132.4
Dec 2019
Points Monthly2007-2022
United States
127.62
Sep 2022
131.11
Jun 2022
17.01
Mar 1950
131.11
Jun 2022
Points Quarterly1950-2022

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