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 - Thursday 6 February 2025 13:30

Previous
0.8%
Revised
-
Forecast
3.8%
Actual
3%

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

Next event - Thursday 6 March 2025 13:30

Previous
3%
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 3% against a forecast of 3.8%.

Past events

Date
Forecast
Actual
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%
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%

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:

PreviousLatest
Chicago Purchasing Managers' IndexBullish change39.545.5
Core Personal Consumption Expenditures - Price Index (MoM)Bullish change0.2%0.3%
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change2.9%2.6%
Personal Consumption Expenditures - Price Index (MoM)(no change)0.3%0.3%
Personal Consumption Expenditures - Price Index (YoY)Bearish change2.6%2.5%
Personal Income (MoM)Bullish change0.4%0.9%
Personal SpendingBearish change0.8%-0.2%
Pending Home Sales (MoM)Bearish change-4.1%-4.6%
Core Personal Consumption Expenditures (QoQ)Bullish change2.5%2.7%
Durable Goods OrdersBullish change-1.8%3.1%
Durable Goods Orders ex DefenseBullish change-1.8%3.5%
Durable Goods Orders ex TransportationBearish change0.1%0%
Gross Domestic Product Annualized(no change)2.3%2.3%
Gross Domestic Product Price IndexBullish change2.2%2.4%
Initial Jobless ClaimsBearish change220K242K
Nondefense Capital Goods Orders ex AircraftBullish change0.4%0.8%
Personal Consumption Expenditures Prices (QoQ)Bullish change2.3%2.4%
New Home Sales Change (MoM)Bearish change8.1%-10.5%
Housing Price Index (MoM)(no change)0.4%0.4%
Existing Home Sales Change (MoM)Bearish change2.9%-4.9%
Michigan Consumer Sentiment IndexBearish change67.864.7
UoM 5-year Consumer Inflation ExpectationBullish change3.3%3.5%
S&P Global Composite PMIBearish change52.750.4
S&P Global Manufacturing PMIBullish change51.251.6
S&P Global Services PMIBearish change52.949.7
Initial Jobless ClaimsBearish change214K219K
Philadelphia Fed Manufacturing SurveyBearish change44.318.1
Building Permits (MoM)Bullish change1.482M1.483M
Housing Starts (MoM)Bearish change1.515M1.366M
NY Empire State Manufacturing IndexBullish change-12.65.7

About Unit Labor Costs

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