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.

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

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.

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.

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.

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.

Graph and download economic data for Nonfarm Business Sector: Unit Labor Costs for All Workers (ULCNFB) from Q1 1947 to Q1 2025 about unit labor cost, headline figure, sector, nonfarm, business, and USA.

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.

Wages in the United States increased 4.64 percent in April 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.

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.

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.

Employment Cost Index Benefits in the United States increased to 1.20 percent in the first quarter of 2025 from 0.80 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for the United States Employment Cost Index Benefits QoQ.

In March 2025, inflation amounted to 2.4 percent, while wages grew by 4.3 percent. The inflation rate has not exceeded the rate of wage growth since January 2023. Inflation in 2022 The high rates of inflation in 2022 meant that the real terms value of American wages took a hit. Many Americans report feelings of concern over the economy and a worsening of their financial situation. The inflation situation in the United States is one that was experienced globally in 2022, mainly due to COVID-19 related supply chain constraints and disruption due to the Russian invasion of Ukraine. The monthly inflation rate for the U.S. reached a 40-year high in June 2022 at 9.1 percent, and annual inflation for 2022 reached eight percent. Without appropriate wage increases, Americans will continue to see a decline in their purchasing power. Wages in the U.S. Despite the level of wage growth reaching 6.7 percent in the summer of 2022, it has not been enough to curb the impact of even higher inflation rates. The federally mandated minimum wage in the United States has not increased since 2009, meaning that individuals working minimum wage jobs have taken a real terms pay cut for the last twelve years. There are discrepancies between states - the minimum wage in California can be as high as 15.50 U.S. dollars per hour, while a business in Oklahoma may be as low as two U.S. dollars per hour. However, even the higher wage rates in states like California and Washington may be lacking - one analysis found that if minimum wage had kept up with productivity, the minimum hourly wage in the U.S. should have been 22.88 dollars per hour in 2021. Additionally, the impact of decreased purchasing power due to inflation will impact different parts of society in different ways with stark contrast in average wages due to both gender and race.

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.

According to a survey conducted among U.S. enterprises in China in 2022, 84 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 95 and 86 percent of companies respectively anticipating costs per employee rising by 5 percent or more.

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.

Graph and download economic data for Average Hourly Earnings of All Employees, Total Private (CES0500000003) from Mar 2006 to May 2025 about earnings, average, establishment survey, hours, wages, private, employment, and USA.

Graph and download economic data for Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over (LES1252881600Q) from Q1 1979 to Q1 2025 about full-time, salaries, workers, earnings, 16 years +, wages, median, real, employment, and USA.

Employment Rate in the United States decreased to 59.70 percent in May from 60 percent in April of 2025. This dataset provides - United States Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the U.S. Consumer Price Index was 309.42, and is projected to increase to 352.27 by 2029. The base period was 1982-84. The monthly CPI for all urban consumers in the U.S. can be accessed here. After a time of high inflation, the U.S. inflation rateis projected fall to two percent by 2027. United States Consumer Price Index ForecastIt is projected that the CPI will continue to rise year over year, reaching 325.6 in 2027. The Consumer Price Index of all urban consumers in previous years was lower, and has risen every year since 1992, except in 2009, when the CPI went from 215.30 in 2008 to 214.54 in 2009. The monthly unadjusted Consumer Price Index was 296.17 for the month of August in 2022. The U.S. CPI measures changes in the price of consumer goods and services purchased by households and is thought to reflect inflation in the U.S. as well as the health of the economy. The U.S. Bureau of Labor Statistics calculates the CPI and defines it as, "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services." The BLS records the price of thousands of goods and services month by month. They consider goods and services within eight main categories: food and beverage, housing, apparel, transportation, medical care, recreation, education, and other goods and services. They aggregate the data collected in order to compare how much it would cost a consumer to buy the same market basket of goods and services within one month or one year compared with the previous month or year. Given that the CPI is used to calculate U.S. inflation, the CPI influences the annual adjustments of many financial institutions in the United States, both private and public. Wages, social security payments, and pensions are all affected by the CPI.