Annualized QoQ Change in Preliminary Quarterly Unit Labor Costs in the US
United States| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The preliminary quarterly unit labor costs (annualized quarter-over-quarter) measure the change in labor costs relative to labor productivity in the United States from one quarter to the next, annualized. This data is released quarterly by the U.S. Bureau of Labor Statistics (BLS) and provides initial preliminary figures.
Unit labor costs reflect the cost of labor per unit of output, which is crucial for assessing a company's cost structure and the pressure on inflation. The quarter-over-quarter annualized data helps understand how labor costs are fluctuating in the short term. If labor costs are increasing, it may indicate rising cost pressures for businesses and an increased risk of inflation. Conversely, if labor costs are decreasing, it could suggest that business cost pressures are easing, reducing the risk of inflation.
This data serves as a vital reference for policymakers to evaluate labor market trends and formulate appropriate economic policies. It is also crucial for businesses and investors for assessing labor cost trends and making economic forecasts.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
