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 1 February 2024 13:30

Previous
-1.1%
Revised
-1.1%
Forecast
1.7%
Actual
0.5%

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

Next event - Thursday 7 March 2024 13:30

Previous
-
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 0.5% against a forecast of 1.7%.

Past events

Date
Forecast
Actual
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%
Thursday 3 February 2022 13:30
1.5%
0.3%
Tuesday 7 December 2021 13:30
8.4%
9.6%
Thursday 4 November 2021 12:30
5.2%
8.3%
Thursday 2 September 2021 12:30
0.9%
1.3%
Tuesday 10 August 2021 12:30
1.1%
1%
Thursday 3 June 2021 12:30
-0.4%
1.7%
Thursday 6 May 2021 12:30
-1%
-0.3%
Thursday 4 March 2021 13:30
6.7%
6%

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
Existing Home Sales Change (MoM)Bullish change-0.8%3.1%
S&P Global Services PMIBearish change52.551.3
S&P Global Composite PMIBearish change5251.4
S&P Global Manufacturing PMIBullish change50.751.5
Initial Jobless ClaimsBullish change213K201K
Michigan Consumer Sentiment IndexBullish change7979.6
UoM 5-year Consumer Inflation Expectation(no change)2.9%2.9%
Producer Price Index ex Food & Energy (MoM)Bullish change-0.1%0.5%
Building Permits (MoM)Bearish change1.493M1.47M
Housing Starts (MoM)Bearish change1.562M1.331M
Producer Price Index ex Food & Energy (YoY)Bullish change1.7%2%
Producer Price Index (MoM)Bullish change-0.1%0.3%
Producer Price Index (YoY)Bearish change1%0.9%
Industrial Production (MoM)Bearish change0%-0.1%
NY Empire State Manufacturing IndexBullish change-43.7-2.4
Retail Sales (MoM)Bearish change0.4%-0.8%
Philadelphia Fed Manufacturing SurveyBullish change-10.65.2
Initial Jobless ClaimsBullish change220K212K
Retail Sales Control GroupBearish change0.6%-0.4%
Retail Sales ex Autos (MoM)Bearish change0.4%-0.6%
Consumer Price Index ex Food & Energy (YoY)(no change)3.9%3.9%
Consumer Price Index (MoM)Bullish change0.2%0.3%
Consumer Price Index ex Food & Energy (MoM)Bullish change0.3%0.4%
Consumer Price Index (YoY)Bearish change3.4%3.1%
Monthly Budget StatementBullish change$-129B$-22B

About Unit Labor Costs

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

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