U.S. unit labor costs - quarterly change in the nonfarm business sector 2016-2019
Quarterly percent change in nonfarm business sector unit labor costs in the United States from 2016 to 2019
by Erin Duffin,
last edited
Sep 13, 2019
This statistic shows the quarterly percent change in nonfarm business sector unit labor costs in the United States from 2016 to 2019. The data are seasonally adjusted at annual rates. Unit labor costs describe the relationship between compensation per hour and productivity, or real output per hour, and can be used as an indicator of inflationary pressure on producers. Increases in hourly compensation increase unit labor costs; labor productivity increases offset compensation increases and lower unit labor costs. Nonfarm business sector unit labor costs increased by 2.6 percent in the second quarter of 2019 compared to the previous quarter.
Quarterly percent change in nonfarm business sector unit labor costs in the United States from 2016 to 2019
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| Percent change from preceding quarter | |
|---|---|
| Q2 '19 | 2.6% |
| Q1 '19 | 5.7% |
| Q4 '18 | 0.6% |
| Q3 '18 | 1.6% |
| Q2 '18 | -1.6% |
| Q1 '18 | 3.2% |
| Q4 '17 | 4.3% |
| Q3 '17 | 1.4% |
| Q2 '17 | 1.6% |
| Q1' 17 | 3.1% |
| Q4 '16 | 3.4% |
| Q3 '16 | 0.9% |
| Q2 '16 | -0.2% |
| Q1 '16 | -0.2% |
| Percent change from preceding quarter | |
|---|---|
| Q2 '19 | 2.6% |
| Q1 '19 | 5.7% |
| Q4 '18 | 0.6% |
| Q3 '18 | 1.6% |
| Q2 '18 | -1.6% |
| Q1 '18 | 3.2% |
| Q4 '17 | 4.3% |
| Q3 '17 | 1.4% |
| Q2 '17 | 1.6% |
| Q1' 17 | 3.1% |
| Q4 '16 | 3.4% |
| Q3 '16 | 0.9% |
| Q2 '16 | -0.2% |
| Q1 '16 | -0.2% |
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Source: Bureau of Labor Statistics
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by Erin Duffin,
last edited
Sep 13, 2019
This statistic shows the quarterly percent change in nonfarm business sector unit labor costs in the United States from 2016 to 2019. The data are seasonally adjusted at annual rates. Unit labor costs describe the relationship between compensation per hour and productivity, or real output per hour, and can be used as an indicator of inflationary pressure on producers. Increases in hourly compensation increase unit labor costs; labor productivity increases offset compensation increases and lower unit labor costs. Nonfarm business sector unit labor costs increased by 2.6 percent in the second quarter of 2019 compared to the previous quarter.
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- Bureau of Labor Statistics
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- As a Premium user you get access to the detailed source references and background information about this statistic.
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- Release date
- September 2019
Source
- Source
- Bureau of Labor Statistics
- Show further sources information
- As a Premium user you get access to the detailed source references and background information about this statistic.
- Show publisher information
- Release date
- September 2019
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