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.

Most recent - Tuesday 24 March 2026 12:30

Previous
2.8%
Revised
-
Forecast
3.3%
Actual
4.4%

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

Trading range

Forecast history

The most recent announced value for Unit Labor Costs was 4.4% against a forecast of 3.3%.

Past events

Date
Forecast
Actual
Tuesday 24 March 2026 12:30
3.3%
4.4%
Thursday 5 March 2026 13:30
0.2%
2.8%
Thursday 29 January 2026 13:30
-1.9%
-1.9%
Thursday 8 January 2026 13:30
-
-1.9%
Thursday 6 November 2025 13:30
-
-
Thursday 4 September 2025 12:30
1.6%
1%
Thursday 7 August 2025 12:30
1.5%
1.6%
Thursday 5 June 2025 12:30
5.7%
6.6%
Thursday 8 May 2025 12:30
5.3%
5.7%
Thursday 6 March 2025 13:30
3%
2.2%
Thursday 6 February 2025 13:30
3.8%
3%
Tuesday 10 December 2024 13:30
1.9%
0.8%
Thursday 7 November 2024 13:30
0.5%
1.9%
Thursday 5 September 2024 12:30
0.9%
0.4%
Thursday 1 August 2024 12:30
1.8%
0.9%
Thursday 6 June 2024 12:30
4.9%
4%
Thursday 2 May 2024 12:30
3.2%
4.7%
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
6%
4.2%
Thursday 4 May 2023 12:30
5.5%
6.3%

Economic context

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

PreviousLatest
S&P Global Composite PMIBullish change50.352
S&P Global Manufacturing PMIBullish change52.354
S&P Global Services PMIBullish change49.851.3
Initial Jobless ClaimsBearish change208K214K
Pending Home Sales (MoM)Bearish change2.5%1.5%
Retail Sales (MoM)Bullish change0.7%1.7%
Retail Sales Control GroupBullish change0.6%0.7%
Retail Sales ex Autos (MoM)Bullish change0.7%1.9%
ADP Employment Change 4-week averageBullish change39K54.8K
Industrial Production (MoM)Bearish change0.7%-0.5%
Initial Jobless ClaimsBullish change218K207K
Philadelphia Fed Manufacturing SurveyBullish change18.126.7
NY Empire State Manufacturing IndexBullish change-0.211
Producer Price Index (MoM)(no change)0.5%0.5%
Producer Price Index (YoY)Bullish change3.4%4%
Producer Price Index ex Food & Energy (MoM)Bearish change0.3%0.1%
Producer Price Index ex Food & Energy (YoY)(no change)3.8%3.8%
ADP Employment Change 4-week averageBullish change26K39K
Existing Home Sales Change (MoM)Bearish change2.7%-3.6%
Monthly Budget StatementBullish change$-308B$-164B
Factory Orders (MoM)(no change)0%0%
Michigan Consumer Expectations IndexBearish change51.746.1
Michigan Consumer Sentiment IndexBearish change53.347.6
UoM 1-year Consumer Inflation ExpectationsBullish change3.8%4.8%
UoM 5-year Consumer Inflation ExpectationBullish change3.2%3.4%
Consumer Price Index (MoM)Bullish change0.3%0.9%
Consumer Price Index (YoY)Bullish change2.4%3.3%
Consumer Price Index ex Food & Energy (MoM)(no change)0.2%0.2%
Consumer Price Index ex Food & Energy (YoY)Bullish change2.5%2.6%

About Unit Labor Costs

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