United States Labour Costs

Price

Price

123.78 Points

Change +/-

+0.56 Points

Percentage Change

+0.46 %

The current value of the Labour Costs in United States is 123.78 Points. The Labour Costs in United States increased to 123.78 Points on 3/1/2026, after it was 123.22 Points on 12/1/2025. From 3/1/1947 to 3/1/2026, the average GDP in United States was 59.85 Points. The all-time high was reached on 3/1/2026 with 123.78 Points, while the lowest value was recorded on 6/1/1947 with 14.98 Points.

Source: U.S. Bureau of Labor Statistics

The current value of Labour Costs in United States is 123.78 Points. Labour Costs in United States increased to 123.78 Points from 123.22 Points.Labour Costs in United States averaged 59.85 Points from 3/1/1947 until 3/1/2026.The all-time high was 123.78 Points (3/1/2026)and the record low was 14.98 Points (6/1/1947).

Labour Costs

Labour Costs

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Labor costs
Date
Labor costs
Jun 1, 2024
119.84 points
Sep 1, 2024
120.17 points
Dec 1, 2024
121.03 points
Mar 1, 2025
123.17 points
Jun 1, 2025
122.27 points
Sep 1, 2025
122.57 points
Dec 1, 2025
123.22 points
Mar 1, 2026
123.78 points
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Labour Costs History

Labour Costs — History
DateValue
123.78 Points
123.22 Points
122.57 Points
122.27 Points
123.17 Points
121.03 Points
120.17 Points
119.84 Points
119.53 Points
117.93 Points
...

Similar Macro Indicators to Labour Costs

ADP Employment Change

Monthly

Current
98,000
Previous
122,000

Announcements of Hiring Plans

Monthly

Current
10,933 Persons
Previous
19,536 Persons

Average Hourly Earnings

Monthly

Current
0.3 %
Previous
0.3 %

Average Hourly Earnings YoY

Monthly

Current
3.5 %
Previous
3.4 %

Average Weekly Hours

Monthly

Current
34.3 Hours
Previous
34.3 Hours

Cancellation rate

Monthly

Current
1.9 %
Previous
1.9 %

Challenger Job Cuts

Monthly

Current
45,849 Persons
Previous
97,006 Persons

Continued Jobless Claims

frequency_weekly

Current
1.81 M
Previous
1.82 M

Employed persons

Monthly

Current
162.26 M
Previous
162.77 M

Employment Cost Index

Quarter

Current
0.9 %
Previous
0.7 %

Employment Cost Index Benefits

Quarter

Current
1.2 %
Previous
0.8 %

Employment Cost Index Wages

Quarter

Current
0.8 %
Previous
0.7 %

Employment rate

Monthly

Current
59 %
Previous
59.2 %

Full-time employment

Monthly

Current
133.66 M
Previous
134.17 M

Initial Jobless Claims

frequency_weekly

Current
208,000
Previous
216,000

Job Opportunities

Monthly

Current
7.59 M
Previous
7.59 M

Job Opportunities

Monthly

Current
7.51 M
Previous
8.16 M

Job resignations

Monthly

Current
3.07 M
Previous
3.04 M

Labor force participation rate

Monthly

Current
61.5 %
Previous
61.8 %

Layoffs and Terminations

Monthly

Current
1.71 M
Previous
1.67 M

Long-term unemployment rate

Monthly

Current
1.14 %
Previous
1.17 %

Manufacturing wages

Monthly

Current
3,000
Previous
-2,000

Minimum Wages

Annually

Current
7.25 USD/Hour
Previous
7.25 USD/Hour

Non-Agricultural Productivity QoQ

Quarter

Current
0.3 %
Previous
1.6 %

Non-farm Payrolls

Monthly

Current
57,000
Previous
129,000

Nonfarm Private Employment

Monthly

Current
49,000
Previous
97,000

Part-time work

Monthly

Current
28.63 M
Previous
28.68 M

Population

Annually

Current
342.28 M
Previous
340.97 M

Productivity

Quarter

Current
119.4 points
Previous
119.35 points

Retirement Age Men

Annually

Current
67 Years
Previous
66.83 Years

Retirement Age Women

Annually

Current
67 Years
Previous
66.83 Years

State payroll accounting

Monthly

Current
8,000
Previous
32,000

U6 Unemployment Rate

Monthly

Current
7.9 %
Previous
8.1 %

Unemployed Persons

Monthly

Current
7.09 M
Previous
7.31 M

Unemployment Claims 4-Week Average

frequency_weekly

Current
214,250
Previous
219,000

Unemployment Rate

Monthly

Current
4.2 %
Previous
4.3 %

Unit Labor Costs QoQ

Quarter

Current
1.8 %
Previous
2.1 %

Wage Growth

Monthly

Current
3.82 %
Previous
3.53 %

Wages

Monthly

Current
32.38 USD/Hour
Previous
32.31 USD/Hour

Wages in Manufacturing

Monthly

Current
30.27 USD/Hour
Previous
30.19 USD/Hour

Youth Unemployment Rate

Monthly

Current
9.2 %
Previous
9.4 %

Labour Costs

Labor Costs pertain to the relationship between hourly compensation and labor productivity, measured as real output per hour. This metric serves as an indicator of inflationary pressures affecting producers, as detailed by Eulerpool.

What is Labour Costs?

Labour Costs: A Comprehensive Insight The study of labor costs forms a critical aspect of macroeconomic analysis and understanding. At Eulerpool, our dedication to providing precise and comprehensive macroeconomic data has positioned us as a key resource for understanding various economic indicators, including labor costs. This analysis not only helps economists and policymakers but also provides invaluable insights for businesses, investors, and academic researchers. Labor costs, in essence, represent the total expenses borne by employers to compensate their workforce. These costs encompass not just salaries and wages but also other associated expenses such as benefits, taxes, bonuses, and in some cases, training and development costs. Understanding labor costs within an economy is pivotal because it reflects how efficiently the labor market operates, influences business decisions, affects competitiveness, and plays a prominent role in shaping economic policy. To begin with, labor costs can be broadly divided into two categories: direct and indirect costs. Direct labor costs primarily include wages, salaries, and any additional monetary compensation promised to the employees. Indirect labor costs, on the other hand, hinge heavily on supplementary benefits such as health insurance, retirement benefits, social security taxes, paid leave, and other employee perks and amenities. An exhaustive analysis of labor costs must account for both these dimensions to provide a holistic understanding of the economic picture. A high labor cost can indicate a well-compensated workforce, which often correlates with higher living standards, greater consumer spending, and economic growth. However, if labor costs rise faster than productivity, it can lead to inflationary pressures and decreased competitiveness of businesses on a global scale. Hence, labor costs have a dual-edge effect on the economy, providing both potential benefits and challenges. From the standpoint of enterprises, labor costs are a significant part of the operating expenses, often accounting for the largest share of the total costs in labor-intensive industries. A deep dive into labor costs helps businesses optimize their workforce management. By analyzing labor cost patterns, businesses can make informed decisions regarding hiring, wage adjustments, and investments in staff training to ensure maximum productivity and cost efficiency. For policymakers, labor cost statistics are paramount when devising fiscal and monetary policies. High labor costs might prompt policymakers to implement measures aimed at boosting productivity, such as investing in education and skills development, or encouraging technological advancements. Conversely, low labor costs may indicate underemployment or wage suppression, prompting interventions to stimulate wage growth and improve labor market conditions. Understanding labor costs also involves delving into various underlying factors that impact these costs. Economic conditions, labor market policies, collective bargaining agreements, consumer price index, and labor productivity are some of the key determinants. For instance, in a tight labor market with low unemployment rates, labor costs are likely to rise as employers compete to attract and retain talent. On the contrary, in scenarios of high unemployment, labor costs might stagnate or even decrease as the supply of available workers exceeds demand. Globalization has further added layers of complexity to the analysis of labor costs. With industries increasingly operating on an international scale, the comparison of labor costs across different regions and countries becomes pertinent. Businesses often make strategic decisions on location and outsourcing based on the labor cost dynamics of various geographies. Therefore, a granular analysis of international labor cost trends can provide strategic insights for multinational corporations looking to optimize their labor expenditures. Additionally, the rise of the gig economy and remote work have introduced new paradigms in the labor cost dynamics. The flexibility offered by gig and remote work arrangements has implications for both direct and indirect labor costs. Employers may save on office space and related overheads while potentially facing new challenges in managing a dispersed and diverse workforce. At Eulerpool, our commitment to accuracy and depth ensures that our labor cost data is meticulously collected, analyzed, and presented. By offering a comprehensive view of labor cost trends, factors influencing these costs, and their broader economic implications, we strive to be an indispensable resource for all stakeholders seeking to understand this critical economic indicator. Our data services encompass historical labor cost trends, real-time analytics, and predictive modeling to cater to a wide range of needs. Whether you are an economist, policymaker, business leader, investor, or researcher, leveraging our robust database allows you to gain granular insights, identify emerging trends, and make well-informed decisions. In conclusion, comprehensively grasping the nuances of labor costs is essential for a myriad of economic, business, and policy decisions. With Eulerpool’s expertise and extensive data resources, stakeholders are well-equipped to navigate the complexities of labor cost analysis, gaining the critical insights necessary to foster sustainable economic growth and competitiveness.

Labour Costs United States — FAQ

What is the current Labour Costs in United States?

The current Labour Costs in United States is 123.78 Points as of 3/1/2026.

How has the Labour Costs in United States changed recently?

The Labour Costs in United States increased from 123.22 Points (12/1/2025) to 123.78 Points (3/1/2026).

What is the all-time high for Labour Costs in United States?

The all-time high for Labour Costs in United States was 123.78 Points, recorded on 3/1/2026.

What is the all-time low for Labour Costs in United States?

The all-time low for Labour Costs in United States was 14.98 Points, recorded on 6/1/1947.

What is the historical average of Labour Costs in United States?

The historical average of Labour Costs in United States is 59.85 Points, calculated over the period from 3/1/1947 to 3/1/2026.

Where does the Labour Costs data for United States come from?

The Labour Costs data for United States is sourced from U.S. Bureau of Labor Statistics and published on Eulerpool.

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