Unit Labor Costs

The Unit Labor Cost released by the Bureau of Labor Statistics, Department of Labor shows a total cost of employing a labor force. It can serve as an indicator of trends in production costs, share prices, and inflation. A high reading is seen as positive (or bullish) for the USD, whereas a low reading is seen as negative ,or bearish.

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Most recent - Thursday 7 March 2024 13:30

0.5%

Revised

Forecast

0.6%

Actual

0.4%

Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.

Next event - Thursday 2 May 2024 12:30

0.4%

Forecast

Actual

The typical/expected impact on USD pairs is medium.

There is no forecast value for Unit Labor Costs yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Unit Labor Costs was 0.4% against a forecast of 0.6%.

Past events

Date

Forecast

Actual

Thursday 7 March 2024 13:30

0.6%

0.4%

Thursday 1 February 2024 13:30

1.7%

0.5%

Wednesday 6 December 2023 13:30

-0.9%

-1.2%

Thursday 2 November 2023 12:30

0.7%

-0.8%

Thursday 7 September 2023 12:30

1.6%

2.2%

Thursday 3 August 2023 12:30

2.6%

1.6%

Thursday 1 June 2023 12:30

4.2%

Thursday 4 May 2023 12:30

5.5%

6.3%

Thursday 2 March 2023 13:30

1.6%

3.2%

Thursday 2 February 2023 13:30

1.5%

1.1%

Wednesday 7 December 2022 13:30

3.2%

2.4%

Thursday 3 November 2022 12:30

4.1%

3.5%

Thursday 1 September 2022 12:30

10.7%

10.2%

Tuesday 9 August 2022 12:30

9.5%

10.8%

Thursday 2 June 2022 12:30

11.6%

12.6%

Thursday 5 May 2022 12:30

9.9%

11.6%

Thursday 3 March 2022 13:30

0.3%

0.9%

Thursday 3 February 2022 13:30

1.5%

0.3%

Tuesday 7 December 2021 13:30

8.4%

9.6%

Thursday 4 November 2021 12:30

5.2%

8.3%

Thursday 2 September 2021 12:30

0.9%

1.3%

Tuesday 10 August 2021 12:30

1.1%

Thursday 3 June 2021 12:30

-0.4%

1.7%

Thursday 6 May 2021 12:30

-1%

-0.3%

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Unit Labor Costs result:

		Previous	Latest
New Home Sales Change (MoM)	Bullish change	-5.1%	8.8%
S&P Global Composite PMI	Bearish change	52.1	50.9
S&P Global Manufacturing PMI	Bearish change	51.9	49.9
S&P Global Services PMI	Bearish change	51.7	50.9
Existing Home Sales Change (MoM)	Bearish change	9.5%	-4.3%
Initial Jobless Claims	(no change)	212K	212K
Philadelphia Fed Manufacturing Survey	Bullish change	3.2	15.5
Industrial Production (MoM)	(no change)	0.4%	0.4%
Building Permits (MoM)	Bearish change	1.523M	1.458M
Housing Starts (MoM)	Bearish change	1.549M	1.321M
NY Empire State Manufacturing Index	Bullish change	-20.9	-14.3
Retail Sales (MoM)	Bearish change	0.9%	0.7%
Retail Sales Control Group	Bullish change	0.3%	1.1%
Retail Sales ex Autos (MoM)	Bullish change	0.6%	1.1%
Michigan Consumer Sentiment Index	Bearish change	79.4	77.9
UoM 5-year Consumer Inflation Expectation	Bullish change	2.8%	3%
Initial Jobless Claims	Bullish change	222K	211K
Producer Price Index (MoM)	Bearish change	0.6%	0.2%
Producer Price Index (YoY)	Bullish change	1.6%	2.1%
Producer Price Index ex Food & Energy (MoM)	Bearish change	0.3%	0.2%
Producer Price Index ex Food & Energy (YoY)	Bullish change	2.1%	2.4%
Monthly Budget Statement	Bullish change	$-296B	$-236B
Consumer Price Index (MoM)	(no change)	0.4%	0.4%
Consumer Price Index (YoY)	Bullish change	3.2%	3.5%
Consumer Price Index ex Food & Energy (MoM)	(no change)	0.4%	0.4%
Consumer Price Index ex Food & Energy (YoY)	(no change)	3.8%	3.8%

About Unit Labor Costs

Country:	United States
Currency:	USD
Source:	US Bureau of Labor Statistics
Category:	Labor Market
Frequency:	Quarterly

Related events

	Australia		Unemployment Rate s.a.
	Australia		Employment Change s.a.
	Canada		Unemployment Rate
	Canada		Net Change in Employment
	New Zealand		Unemployment Rate
	New Zealand		Employment Change
	United Kingdom		Employment Change
	United Kingdom		ILO Unemployment Rate (3M)
	United Kingdom		Claimant Count Change
	United States		Nonfarm Payrolls
	United States		ADP Employment Change
	Australia		Wage Price Index (QoQ)
	Australia		Full-Time Employment
	Canada		Participation Rate
	Canada		Average Hourly Wages (YoY)
	Switzerland		Unemployment Rate s.a (MoM)
	Germany		Unemployment Change
	Germany		Unemployment Rate s.a.
	Eurozone		Labor Cost
	Eurozone		Unemployment Rate
	Italy		Unemployment
	Japan		Jobs / Applicants Ratio
	Japan		Unemployment Rate
	New Zealand		Participation Rate
	New Zealand		Labour Cost Index (QoQ)
	United Kingdom		Claimant Count Rate
	United Kingdom		Average Earnings Including Bonus (3Mo/Yr)
	United Kingdom		Average Earnings Excluding Bonus (3Mo/Yr)
	United States		ISM Manufacturing Employment Index
	United States		Personal Income (MoM)
	United States		ISM Services Employment Index
	United States		Unemployment Rate
	United States		Nonfarm Productivity
	United States		Initial Jobless Claims
	United States		Labor Force Participation Rate
	United States		U6 Underemployment Rate
	United States		Initial Jobless Claims 4-week average
	United States		Average Hourly Earnings (MoM)
	United States		Average Hourly Earnings (YoY)

Calendar - Unit Labor Costs - United States

Unit Labor Costs

Most recent - Thursday 7 March 2024 13:30

Next event - Thursday 2 May 2024 12:30

Trading range

Trading range after each Unit Labor Costs event

Forecast history

Past events

Economic context

About Unit Labor Costs

Related events