Labour Costs in the United States increased to 121.23 points in the first quarter of 2024 from 119.86 points in the fourth quarter of 2023. Labour Costs in the United States averaged 58.31 points from 1947 until 2024, reaching an all time high of 121.23 points in the first quarter of 2024 and a record low of 14.98 points in the second quarter of 1947. source: U.S. Bureau of Labor Statistics
Labour Costs in the United States is expected to be 125.59 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Nonfarm Unit Labor Costs is projected to trend around 126.66 points in 2025 and 129.06 points in 2026, according to our econometric models.