US Unit Labor Costs: Nonfarm Business YoY (I:USCU8IEO)
2.40% for 2024
Level Chart
Basic Info
|
US Unit Labor Costs: Nonfarm Business YoY is at 2.40%, compared to 2.00% last year. This is lower than the long term average of 2.75%. |
| Report | Labor Productivity and Costs |
| Categories | Employment , Hours and Wages |
| Region | United States |
| Source | Bureau of Labor Statistics |
Stats
| Last Value | 2.40% |
| Latest Period | 2024 |
| Last Updated | Jan 8 2026, 08:38 EST |
| Next Release | Jan 29 2026, 08:30 EST (R) |
| Long Term Average | 2.75% |
| Average Growth Rate | 30.72% |
| Value from 1 Year Ago | 2.00% |
| Change from 1 Year Ago | 20.00% |
| Frequency | Yearly |
| Unit | Percent |
| Adjustment | Seasonally Adjusted Annual Rate |
| Download Source File |
Historical Data
| Date | Value |
|---|---|
| December 31, 2024 | 2.40% |
| December 31, 2023 | 2.00% |
| December 31, 2022 | 5.20% |
| December 31, 2021 | 2.90% |
| December 31, 2020 | 2.70% |
| December 31, 2019 | 1.60% |
| December 31, 2018 | 2.00% |
| December 31, 2017 | 2.10% |
| December 31, 2016 | 0.60% |
| December 31, 2015 | 1.80% |
| December 31, 2014 | 1.70% |
| December 31, 2013 | 0.50% |
| December 31, 2012 | 1.50% |
| December 31, 2011 | 2.10% |
| December 31, 2010 | -1.40% |
| December 31, 2009 | -2.70% |
| December 31, 2008 | 1.70% |
| December 31, 2007 | 2.60% |
| December 31, 2006 | 2.80% |
| December 31, 2005 | 1.40% |
| December 31, 2004 | 1.50% |
| December 31, 2003 | 0.00% |
| December 31, 2002 | -1.90% |
| December 31, 2001 | 1.70% |
| December 31, 2000 | 3.90% |
| Date | Value |
|---|---|
| December 31, 1999 | 0.70% |
| December 31, 1998 | 2.40% |
| December 31, 1997 | 1.90% |
| December 31, 1996 | 1.30% |
| December 31, 1995 | 1.40% |
| December 31, 1994 | 0.30% |
| December 31, 1993 | 1.10% |
| December 31, 1992 | 1.70% |
| December 31, 1991 | 3.10% |
| December 31, 1990 | 4.20% |
| December 31, 1989 | 2.00% |
| December 31, 1988 | 3.40% |
| December 31, 1987 | 3.30% |
| December 31, 1986 | 2.70% |
| December 31, 1985 | 3.20% |
| December 31, 1984 | 2.10% |
| December 31, 1983 | 0.10% |
| December 31, 1982 | 8.30% |
| December 31, 1981 | 8.00% |
| December 31, 1980 | 10.80% |
| December 31, 1979 | 9.80% |
| December 31, 1978 | 7.10% |
| December 31, 1977 | 6.40% |
| December 31, 1976 | 4.20% |
| December 31, 1975 | 7.60% |
News
Headline
Time (ET)
01/09 08:54
01/05 07:56
12/23 08:40
12/18 08:41
12/18 07:52
Basic Info
|
US Unit Labor Costs: Nonfarm Business YoY is at 2.40%, compared to 2.00% last year. This is lower than the long term average of 2.75%. |
| Report | Labor Productivity and Costs |
| Categories | Employment , Hours and Wages |
| Region | United States |
| Source | Bureau of Labor Statistics |
Stats
| Last Value | 2.40% |
| Latest Period | 2024 |
| Last Updated | Jan 8 2026, 08:38 EST |
| Next Release | Jan 29 2026, 08:30 EST (R) |
| Long Term Average | 2.75% |
| Average Growth Rate | 30.72% |
| Value from 1 Year Ago | 2.00% |
| Change from 1 Year Ago | 20.00% |
| Frequency | Yearly |
| Unit | Percent |
| Adjustment | Seasonally Adjusted Annual Rate |
| Download Source File |