U.S. unit labor costs - quarterly change in the nonfarm business sector 2017-2019

This statistic shows the quarterly percent change in nonfarm business sector unit labor costs in the United States from 2017 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 1.4 percent in the fourth quarter of 2019 compared to the previous quarter.

Quarterly percent change in nonfarm business sector unit labor costs in the United States from 2017 to 2019

Percent change from preceding quarter
Q4 '191.4%
Q3 '192.5%
Q2 '190.1%
Q1 '195.7%
Q4 '180.6%
Q3 '181.6%
Q2 '18-1.6%
Q1 '183.2%
Q4 '174.3%
Q3 '171.4%
Q2 '171.6%
Q1' 173.1%
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Source

Release date

February 2020

Region

United States

Survey time period

2017 to 2019

Supplementary notes

For a detailed explanation on the methodology employed by the Bureau of Labor Statistics to calculate the data see here.

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