The Employment Cost Index (ECI) measures the change in the cost of labor, free from the influence of employment shifts among occupations and industries. The Employment Cost Index is based on figures from December 2005. In the third quarter of 2024, the ECI came to 166.8, indicating an increase of labor costs of 0.9 percent.

Labour Costs in the United States increased to 122.24 points in the first quarter of 2025 from 120.57 points in the fourth quarter of 2024. This dataset 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.

In the United States, nonfarm business sector unit labor costs increased by 1.9 percent in the third quarter of 2024 compared to the previous quarter. 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.

Unit Labour Costs QoQ in the United States increased to 6.60 percent in the first quarter of 2025 from 2 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for the United States Unit Labor Costs QoQ.

Graph and download economic data for Manufacturing Sector: Unit Labor Costs for All Workers (ULCMFG) from Q1 1987 to Q1 2025 about unit labor cost, sector, manufacturing, and USA.

Manufacturing sector unit labor costs in the United States increased by 1.6 percent in the first quarter of 2025. 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.

Graph and download economic data for Employment Cost Index: Wages and Salaries: Private Industry Workers (ECIWAG) from Q1 2001 to Q1 2025 about cost, ECI, salaries, workers, private industries, wages, private, employment, industry, inflation, indexes, and USA.

According to a survey conducted among U.S. enterprises in China in 2022, ** percent of companies believed labor costs would increase to varying extents. The resources & industrial sector as well as Tech and R&D expected the largest increases, with ** and ** percent of companies respectively anticipating costs per employee rising by * percent or more.

Labor cost index in the USA, March, 2025 The most recent value is 150.57 index points as of Q1 2025, an increase compared to the previous value of 148.27 index points. Historically, the average for the USA from Q1 1960 to Q1 2025 is 46.94 index points. The minimum of 3.17 index points was recorded in Q1 1960, while the maximum of 150.57 index points was reached in Q1 2025. | TheGlobalEconomy.com

United States Productivity & Cost Index: sa: NF: Unit Labour Costs data was reported at 108.681 2009=100 in Mar 2018. This records an increase from the previous number of 108.185 2009=100 for Dec 2017. United States Productivity & Cost Index: sa: NF: Unit Labour Costs data is updated quarterly, averaging 66.487 2009=100 from Mar 1947 (Median) to Mar 2018, with 285 observations. The data reached an all-time high of 108.681 2009=100 in Mar 2018 and a record low of 19.370 2009=100 in Jun 1947. United States Productivity & Cost Index: sa: NF: Unit Labour Costs data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.G066: Productivity and Costs Index: 2009=100: Seasonally Adjusted.

In the second quarter of 2024, the nonfinancial corporate sector unit labor costs increased by 1.3 percent in the United States. 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.

The index reflects the level of the total compensation of employees in the economy. The changes in the next to last column show the percent change in the index from three months ago (or the previous quarter if the data are quarterly) and the last column shows the percent change from the same month (or quarter) last year.

United States CBO Projection: Employment Cost Index: Annual: YoY data was reported at 3.061 % in 2029. This records an increase from the previous number of 3.059 % for 2028. United States CBO Projection: Employment Cost Index: Annual: YoY data is updated yearly, averaging 3.061 % from Dec 2011 (Median) to 2029, with 19 observations. The data reached an all-time high of 3.633 % in 2020 and a record low of 1.683 % in 2011. United States CBO Projection: Employment Cost Index: Annual: YoY data remains active status in CEIC and is reported by Congressional Budget Office. The data is categorized under Global Database’s United States – Table US.G091: Employment Cost Index: Projection.

United States TFP: Pvt Buss: Unit Labor Costs data was reported at 108.678 2009=100 in 2016. This records an increase from the previous number of 107.303 2009=100 for 2015. United States TFP: Pvt Buss: Unit Labor Costs data is updated yearly, averaging 92.787 2009=100 from Dec 1987 (Median) to 2016, with 30 observations. The data reached an all-time high of 108.678 2009=100 in 2016 and a record low of 69.814 2009=100 in 1987. United States TFP: Pvt Buss: Unit Labor Costs data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.G070: Total Factor Productivity.

Wages in the United States increased 4.72 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United States Wages and Salaries Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2018, manufacturing labor costs in China were estimated to be **** U.S. dollars per hour. This is compared to an estimated **** U.S. dollars per hour in Mexico, and **** U.S. dollars in Vietnam. Manufacturing jobs in the United States Many people in the United States believe manufacturing jobs to be the backbone of the U.S. economy, despite employment in the manufacturing sector decreasing since 1997, and the monthly change in manufacturing employment being highly variable. Although manufacturing added a value of about ** percent to the U.S. gross domestic product (GDP) in 2018, employment in the United States has been moving away from manufacturing to other means of employment. A difference in earnings Part of this steering away from manufacturing could be due to a difference in labor costs. While hourly wages in Vietnam were less than * U.S. dollars in 2018, hourly wages in the U.S. manufacturing sector hovered around ** U.S. dollars in 2018. The labor costs in the U.S. could simply be too high for companies, who look to countries such as China, Mexico, and Vietnam for cheaper labor.

This statistic shows manufacturing labor costs per hour for select countries around the world for the years 2002, 2015 and 2019. In 2019, manufacturing labor costs in China were projected to rise to *** U.S. dollars per hour, up from ** cents in 2002.

Employment Cost Index in the United States remained unchanged at 0.90 percent in the first quarter of 2025 from 0.90 percent in the fourth quarter of 2024. This dataset provides - United States Employment Cost Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

United States TFP: Non-Farm: Unit Labor Costs data was reported at 108.839 2009=100 in 2016. This records an increase from the previous number of 107.353 2009=100 for 2015. United States TFP: Non-Farm: Unit Labor Costs data is updated yearly, averaging 92.596 2009=100 from Dec 1987 (Median) to 2016, with 30 observations. The data reached an all-time high of 108.839 2009=100 in 2016 and a record low of 69.511 2009=100 in 1987. United States TFP: Non-Farm: Unit Labor Costs data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.G069: Total Factor Productivity.

Quarterly series on labour productivity growth and related variables have been published for the first time on December 20th, 2000. These statistical series go back to the first quarter of 1981. The data are published two months after the reference quarter. The quarterly productivity measures are meant to assist in the analysis of the short-run relationship between the fluctuations of output, employment, compensation and hours worked. This measure is fully comparable with the United States quarterly measure. The quarterly estimations of this table are limited to the overall business sector. This aggregate excludes government and non-profit institutions expenditures on primary factors as well as the output of households (including the rental value of owner-occupied dwellings). Corresponding exclusions are also made to labour compensation and hours worked to make output and labour input data consistent with one another. The real output of the business sector is constructed using a Fisher-chained index, after excluding from GDP at market prices the real gross value added of the government sector, of the non-profit institutions and of households (including the rental value of owner-occupied dwellings). This approach is similar to that used for the quarterly productivity of the business sector in the United States. The estimate of the total number of jobs covers four main categories: employee jobs, work owner of an unincorporated business, own account self-employment, and unpaid family jobs. This last category is found mainly in sectors where family firms are important (agriculture and retail trade, in particular). Jobs data are consistent with the System of National Accounts. This is the quarterly average of hours worked for jobs in all categories. The number of hours worked in all jobs is the quarterly average for all jobs times the annual average hours worked in all jobs. According to the retained definition, hours worked means the total number of hours that a person spends working, whether paid or not. In general, this includes regular and overtime hours, breaks, travel time, training in the workplace and time lost in brief work stoppages where workers remain at their posts. On the other hand, time lost due to strikes, lockouts, annual vacation, public holidays, sick leave, maternity leave or leave for personal needs are not included in total hours worked. Labour productivity is a measure of real gross domestic product (GDP) per hour worked. The ratio between total compensation for all jobs, and the number of hours worked. The term hourly compensation" is often used to refer to the total compensation per hour worked." This measures the cost of labour input required to produce one unit of output, and equals labour compensation in current dollars divided by the real output. It is often calculated as the ratio of labour compensation per hour worked and labour productivity. Unit labour cost increases when labour compensation per hour worked increases more rapidly than labour productivity. It is widely used to measure inflation pressures arising from wage growth. Unit non-labour payments are the non-labour payments associated with each unit of output of goods and services, and they are calculated as the non-labour payments divided by the real output. The implicit price deflator is equal to current-dollar output, divided by real output. The output measure is consistent with the Quarterly Income and Expenditure Accounts, prepared by the National Economic Accounts Division. Labor share is equal to the labour compensation divided by current dollar output. The output measure is consistent with the Quarterly Income and Expenditure Accounts, prepared by the National Economic Accounts Division. Current-dollar gross domestic product (GDP) in business sector equals current-dollar GDP in the economy less the gross value added of government, nonprofit institutions, households, and the rental of owner-occupied-dwellings. The output measure is consistent with the Quarterly Income and Expenditure Accounts. The total compensation for all jobs consists of all payments in cash or in kind made by domestic producers to workers for services rendered. It includes wages and salaries and employer's social contributions of employees, plus an imputed labour income for self-employed workers. Non-labour payments are the excess of current-dollar output in the business sector over corresponding labour compensation, and include non-labour costs as well as corporate profits and the profit-type income of proprietors. Non-labour costs include interest, depreciation, rent, and indirect business taxes. Unit labour cost in United States dollars is the equivalent of the ratio of Canadian unit labour cost to the exchange rate. This latter corresponds to the United States dollar value expressed in Canadian dollars.