U.S. unit labor costs - quarterly change in the nonfarm business sector
Quarterly percent change in nonfarm business sector unit labor costs in the United States from 2016 to 2018
This graph shows the quarterly percent change in nonfarm business sector unit labor costs in the United States from 2016 to 2018. 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 two percent in the fourth quarter of 2018 compared to the previous quarter.
Quarterly percent change in nonfarm business sector unit labor costs in the United States from 2016 to 2018
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| Percent change from preceding quarter | |
|---|---|
| Q4 '18 | 2% |
| Q3 '18 | 1.6% |
| Q2 '18 | -2.8% |
| Q1 '18 | 3.5% |
| Q4 '17 | 2.3% |
| Q3 '17 | 2.8% |
| Q2 '17 | -0.3% |
| Q1' 17 | 4.2% |
| Q4 '16 | 3.4% |
| Q3 '16 | 0.9% |
| Q2 '16 | -0.2% |
| Q1 '16 | -0.2% |
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Statistics on "Key Economic Indicators of China"
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