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 4 June 2026 12:30

Previous
2.3%
Revised
-
Forecast
2.3%
Actual
1.8%

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

Trading range

Forecast history

The most recent announced value for Unit Labor Costs was 1.8% against a forecast of 2.3%.

Past events

Date
Forecast
Actual
Thursday 4 June 2026 12:30
2.3%
1.8%
Thursday 7 May 2026 12:30
-
2.3%
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%

Economic context

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

PreviousLatest
Pending Home Sales (MoM)Bearish change3.5%-5.4%
Initial Jobless ClaimsBullish change216K208K
Philadelphia Fed Manufacturing SurveyBullish change10.341.4
Retail Sales (MoM)Bearish change1%0.2%
Retail Sales Control GroupBearish change0.8%0.5%
Retail Sales ex Autos (MoM)Bearish change1%-0.2%
NY Empire State Manufacturing IndexBullish change5.715.6
Producer Price Index (MoM)Bearish change0.6%-0.3%
Producer Price Index (YoY)Bearish change6%5.5%
Producer Price Index ex Food & Energy (MoM)Bullish change0.1%0.2%
Producer Price Index ex Food & Energy (YoY)Bullish change4.6%4.7%
Consumer Price Index (MoM)Bearish change0.5%-0.4%
Consumer Price Index (YoY)Bearish change4.2%3.5%
Consumer Price Index ex Food & Energy (MoM)Bearish change0.2%0%
Consumer Price Index ex Food & Energy (YoY)Bearish change2.9%2.6%
ADP Employment Change 4-week averageBearish change21K19.75K
Monthly Budget StatementBullish change$-293B$-120B
Existing Home Sales Change (MoM)Bearish change3.7%-2.4%
Initial Jobless ClaimsBullish change217K215K
ADP Employment Change 4-week averageBearish change24.25K21K
ISM Services Employment IndexBullish change47.951.2
ISM Services New Orders IndexBearish change57.355.1
ISM Services PMIBearish change54.554
ISM Services Prices PaidBearish change71.367.7
S&P Global Composite PMIBullish change51.551.9

About Unit Labor Costs

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