Thursday, March 4, 2021

United States Nonfarm Unit Labour Cost

Labour Costs in the United States increased to 116.42 points in the fourth quarter of 2020 from 114.74 points in the third quarter of 2020. Labour Costs in the United States averaged 61.32 points from 1950 until 2020, reaching an all time high of 117.68 points in the second quarter of 2020 and a record low of 17 points in the first quarter of 1950. 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. This page provides the latest reported value for - United States Labour Costs - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
SOURCE: 🇺🇸 United States